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Technology Stocks : WAVX Anyone?
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To: ecommerceman who wrote (7660)7/2/1999 2:48:00 PM
From: Harold Lehman  Read Replies (2) of 11417
 
I'm glad we finally FLUSHED OUT the idiots. We now know who they are and where they're from, and we can go to their turf, as they have probably been doing to us for over a year (remember montu et al?).

On a more salient note remember how the volume of trading of WAVX expanded at the upper limits of its range Wednesday afternoon, and the stock wasn't moving? I think a lot of short selling was occurring at these levels, and I think that that is good. Why? Because I think institutions did most of the buying, in other words their stock won't go into margin accounts which can lend the shares out. Since there's a three day settlement period, ending this Tuesday, I think the shorts may be desperate to cover their positions soon since they will probably get called for much of their borrowed stock.

So you short sellers reading this have a really good weekend.

Regards,
Harold
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