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Technology Stocks : CustomTracks Corporation (CUST)

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To: Tom Hua who wrote (895)6/22/1999 10:48:00 PM
From: J.Y. Wang  Read Replies (2) of 2514
 
<CUST>

I am short CUST but it seems like it's running for a few reasons:

1) Decent balance sheet with cash to work with.
2) Joseph Charles & Associates report that part of CUST is worth $230 per share.
3) Respect some on the street have for the CEO, David Cook, who also founded Blockbuster Video.

I am concerned but I am not going to cover because it's just temporary momentum right now. In addition, I went over my losing shorts this year and found that except for one case (AMTD), every other major loss I took on a short would have resulted in a very significant gain if I didn't cover -- some examples: EFAX, TUNE, ITVU, ASTN. I wonder if this is true for anyone else.
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