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Technology Stocks : Log On America, Inc. LOAX
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To: harryl1 who wrote (204)6/21/1999 6:12:00 PM
From: harryl1  Read Replies (2) of 353
 
Glad to have covered at 12 and 13; as I said last week, above 18 i'd short it again (assuming DLJ can get it). In fact, i'll hold off until the mini-momentum upward breaks off...maybe we will have the opportunity to short as high as 22.

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To: ISP_Investor (203 )
From: harryl1 Friday, Jun 18 1999 10:38PM ET
Reply # of 210

Covered 60% thursday and remainder today into the rising price. But average short was 22, average cover 12, so all in all my best trades of the year. and last year. I hope for a rise to 18ish where the ridiculas quotient will again all me to short big time. I really expect to see the offer price of the IPO breached by late summer (meaning less than 10), but getting the last $5 from something that smells this bad can be dangerous. But at 18 it will again be irresistable... amazing what reading S-1's can do for your track record!
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