in4thelonghaul

High Tide for SiRF Technology

Recommending that speculators wait until sh/pr rises to IPO level?? Sorry, but that is absolutely absurd advice. SIRF went in with a fairly heavy short interest, and that has likely increased significantly considering volume on the downside and the recent pattern of hedgie shorting since the 'uptick' rule elimination. If the market continues heading South in the coming week, the less adventuresome (non-traders) might wish to wait and see if $6.50sh holds, but anyone wanting the comfort of IPO prices should put his money in a mutual fund.