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Technology Stocks : 2TheMart.com TMRT

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To: ilh1 who wrote (412)5/21/1999 10:07:00 AM
From: Smilodon  Read Replies (1) of 1494
 
Interesting.

So, lets look at USAT and CTRN. Both were halted by the SEC and now trade in the pink sheets. Before the halt, you had the enthusiatic longs and wicked short sellers battling each other on the boards. Some longs sold out because of the information the shorts uncovered. Some longs ignored them and lost almost everything when the truth was finally out.

Yes, the shorts made money when the stock came down. But they saved some longs from disaster by surfacing negative information you can't get from the company or your broker.

And lets face it, short's can't really hurt a good company. Maybe they could get the stock to go down in the short term, but long term growth and profits will always win out.

And as for manipulation on the long side. Gravity will win out. You can't float these things on hot air forever. And they wouldn't pump them if they weren't going to dump them.

Just don't play the bagholder in this game.

Regards,

Archer
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