So, McNabb, what's your next short target?
My experience is that there are always several stocks that the momentum players are chasing at any given time, it all started with a great company. But after 2-3 quarters, the stock price would go too high (often times 5x or even 10x). It is very hard to catech the top, patient is the key. I have waited so long to go short on Dell, still, a little bit too early (got in at around 90 and more at 100).
By the end, all of them would fall ( unless you are Microsoft and Intel) because of their competitors would catch up, market condition changes. And it would fall very hard. From the old days in high tech, like borland, novel, lotus to netc, netscape, asnd, cscc, shiva, iomega, and the list go on and on..., some people say it is actually better to wait for the fall and then jump in to start shorting, I guess this maybe right, when DELL goes down 10% from 100 to the 80s, it maybe a good time to start doing so.
By the way, from Yohoo.com:
"And after an extremely volatile regular hours session, Dell Computer Corp (DELL) fell more than half a point, to 77-3/8, traders said" |
