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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (17307)7/1/1999 3:21:00 PM
From: Blue Voodoo  Read Replies (1) of 25711
 
You're right, Joe, OMKT July 12 1/2 calls are even better than free! LOL! Not to mention OMKT has big institutional buying, and 5(!) upgrades in the past few weeks, news of new sales every few days, and a huge overhang of short sellers that are getting further squeezed every minute (I expect it's that crowd that are driving the price of calls down to zip).

For months, "sell short at 14" was a guaranteed money maker in OMKT. Clearly lots of hot money tried to play that game once to often, and are now getting burned (look how fast OMKT recovered this morning when the sellers briefly got the upper hand). When they finally run for cover, OMKT could spurt up like a rocket.

This is no bb b.s. here - OMKT is a real company with big revenues, a leader in a white hot internet sector that, basically by historical accident, has absolute no internet premium built into it.

A screaming buy, and in fact is up another quarter just in the time I've been typing this!
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