Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 175.02

-3.3%

Dec 12 9:30 AM EST

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To: ArtAlley who wrote (6971)	1/30/1999 5:09:00 PM
From: Wes Stevens	Read Replies (2) of 56535

PRFM, Anthony, and SI: I think we need to get a little perspective here. PRFM traded 2.7 million shares Friday. I am sure that Anthony and his team had some influence on the stock, but the MM wanted this guy to go lower also. SI is still a small part of the trading universe. There are a lot of people out there looking for the next big internet run. When the news of the site opening hits Monday they will be buying and the MM will let it run. What ever influence the shorting had on Friday it is over. The shorts will have three choices - cover, ride it out, or short more. Most will try and ride it out as they feel (and are probably right) that this stock will return to these levels within a few days to a week. Only the ones with deep pockets will short more and will probably let it run a while before doing so. If it runs enough some will cover. The reason that I put my money in this stock has not changed. I really thing that Anthony jumped the gun on this one and it may help the longs on Monday. JMO

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