SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Winstar Comm. (WCII)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alejandro who wrote (7879)8/24/1998 4:20:00 PM
From: limtex  Read Replies (1) of 12468
 
Ali -

The more I think about it the more ti looks like shorts. They cover in the afternoon and don't go home without clearing their positions in case BR comes up with something to put the price up.

But in the middle of August and with bad new whether it affects the US economy or not from every corner of the world the market panics and shorts having homed in on WCII with its two or three false rumours now get the feeling that nothing is going to put the price up for at least a couple of months and even if we get a good quarterly anouncement even that might not put the price up in this market.

So the shorts have almost no 'downside' ( excuse the pun) and they must be making a fortune.

Tomorrow and for the rest of the next coouple of months they just come into their offices every morning and start shorting WCII. They go for a very nice lunch, come back to their offices and start shorting again in the afternoon. Around 3.00 they start to think about covering and by 3.45 its all over and they go home with a big fat wad in their pocket and we're taking the haircut.

Tomorrow morning they will do precisely the same thing and there is nothing we can do about it becuase BR has said he won't sell and there is no reasin for any fund manager to go out and buy one share in the company today becasue he knows that he'll be able to buy it for less than $15 in say a couple of weeks time.

I knew this was going to haapen when the rumours turned out to be false. I even posted a few times about this predicting it but I didn't have the courage of my conviction and so I'm still here but sort of beleiveing in the future.

Thanks for your posts. Always good to hear from you.

Regards,

L
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News