Pat,
Thanks for the support and kind words. In the past 6 months I have shorted over twenty stocks that looked and smelled like phone.com. I wouldn't do it for a ten or twenty point move either. (get greedy get slaughtered) Usually between 2-5 points. I would short stocks that had run up over several days usually moving 35 to 60 points in that time period and in very speculative industries. You know the usual suspects mcom, hsac, etys, tuts, edfy, stmp, jboh, ect. This stock should have been no different except soooo many shorts had piled on(a lot)and there was a short squeeze. As more shorts were forced to cover it artificially inflated the price. The low float helped out also. Thats why this thing ran 25 and 16 points in two days. Thats 41 points on top of already running up for ten days before that. This may be a great company with a great idea, but no reason why it moved up like this and not worth this price. If you like this company try not to convince yourself it's really worth what its trading at except that momentum players and shorts were playing with it. Now, people who are long in the 120-147 region are getting crushed. They will move this stock back down below a hundred and the only ones who will make money on the stock will be people who bought below 80 and the market makers. Its a shame the market has gotten like this, I can take this hit. So many new investors are getting in and don't know any better. In a short time there accounts are at zero. My only advice is stay away from this stock untill all shorts, day traders are out. This thing can jerk you up and down very quickly. Good luck
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