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PCM, Inc. Message Board

  • rtsong rtsong Dec 11, 1998 3:29 AM Flag

    How many shorts are there, really? Does

    you short MALL? Datek doesn't even let you buy on
    margin with this one. It's important to who exactly can
    short to know whether to hold on or not. If you look at
    the last day chart, the selling spree was triggered
    at 20; I think many people must have set stop market
    and limit orders at that price. If there are a lot of
    shorts, there's no telling what will happen. More people
    may start shorting tomorrow seeing this as a
    vulnerable stock, and they can drive this far below what it
    should be at (to below 10). Yesterday's news should've
    been enough to drive out the shorts if there were any,
    but it failed miserably. It may be the only way we
    are going to get out of this is if a big brokerage
    announces "BUY." We need COVERAGE!!!

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