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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (39972)	4/16/1998 12:48:00 PM
From: Tom Trader	Read Replies (1) of 58727

>>I read it was rising along with YHOO on optimism about interent search engines. Sounds like hype to me.<< Hi Kevin--we've seen these sort of runaway situations before and it ALWAYS ends the same way; right now it is the greater fool theory at work. But who know how much higher it will go before it unravels. I'd love to short this sector but I just don't have the nerve to do so--but for one who can bear to take some pain it could pay off in a big way. Rather reminds me of the situation with Mondoman and ZITL -- he started shorting when it was at 17 and continued shorting till it got to 70. He had the resources and the cajones -- and after being down over a million, he made out like a bandit.

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