<Stay away from this stock. Long or short, this thing can kill your account if you are on the wrong side of the direction its going. Was short a week ago and got crushed, now if you are long get out while you can, they are going to march this thing down. Good Luck, you should read the yahoo board and see how many broken bodies they have over there. >
It's not like no one tried to tell you so. Really, you bring no analysis to the table except it went up, so it must go down. Anyone doing any search into why it's going up will see that developing Internet function on cell phones is the most exciting new service since the original Internet. Back then, most investors didn't understand it for the longest time. They missed 1000%+ stock moves. The broken bodies along that road should have taught you a lesson. Now, we know what we are dealing with and this company is the most pure play available to participate.
Clearly, the market has jumped on this way ahead of what many expected, but that is just because they can see clear advantage of what this technology will bring. Phone.com is WAP and WAP is the standard. No one can doubt this after 3Com cracked and Microsoft has joined. Why don't you get it?
So, yes we can not predict what will happen in the next 5 days, or 6 months, but I will be very surprised if people who go long now won't be rewarded. That kind of thinking is what drives the market now. Funds and long term investors are taking positions. The float is shrinking and daily this is being exasperated by serious blood letting of short sellers.
If the price falls, there will be buyers standing in line. I have sold a portion of my shares above 140 and wait to buy them back. I hope you can get out of your short with no great loss and that I can regain my shares for a better price. Yes, it has gone up very fast, but longs should sleep well.
Regards,
Mark |
