Show (Short) Time !
Like I said before, $25 would be a perfect time to double up your short position. This time I will join you.
AWRE is up 360% in past 2 months! Is this company worth almost 4 times more now than just 2 months ago? I don't think so.
What goes up fast, comes down even faster. I've been digging some tech. stocks that has gone up at least 3 times in short period of time. And guess what? 90% of the time, the stocks pull back sharply.
Only about 10% continue to grow. So odds are about 9:1 that AWRE will pull back down sharply. (Like the internet stocks, AWRE stock went up on assumption that the demand for DSL or internet will be hot in the future).
But as you know, today's technology is ever changing so fast, and if somebody come up with a better than AWRE's technology (which is all AWRE has, there are no hard equipment or manufacturing facilities), AWRE will be crushed over night.
BTW, Jim Wilkinson thinks PAIR & WSTL is a bargain price right now, especially PAIR. ( I think PAIR and AWRE price should be about the same, which means...)
My major stock holdings were AWRE, ONSL, and COMS. At this point I am long only on COMS.(which is only up about 40% at this point, but I am confident I will get 100% with in a month or two.)
So I am sitting with a lots of cash to invest. But at this point, I am somewhat hesitant to buy more stocks due to market volatility. I live in California, and there are always some signs before the big earth quake. That's how I feel at this point. Since I am long in COMS, as a safety net I am going to short AWRE. I only made 70% going up so I intend to make at least 100% coming DOWN!
Buckle up, SEE YOU WAAAAY DOWN AT $10 !
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