Chop,
The funny, and pathetic thing in my case, is that when the stock hit 70 that morning, I went and called 4 people I know who do network administration. I asked if it was true that 14% of businesses are choosing to go with Linux over MSFT, which I had read somewhere, and they told me that it sounded reasonable. This was a shock to me. I then asked if any companies provided a version of Linux coding to install on a machine or network as an OS, and they said Red Hat and Caldera.
I then asked another friend of mine who is doing a Master's in CS if he does anything with Linux, and he told me that they were forced to buy a packaged version of Linux from Red Hat, but it was good because Red Hat supports their Linux version.
I am not arguing that Linux is taking over MSFT. But it certainly makes a strong case for a trading vehicle. And for all those chumpies who talk about tulips and worthless companies, I rode ONSL last fall from 19 to 99 in 2 weeks, and sold. The stock is 14, and the company is a zoo. I, and my account, did not, and do not care. Call it luck, but there are lots of people who ride momentum investing. All of my current "value plays" have been stinking up the joint.
People can short this stock tomorrow, and they will probably get a shot to cover below 100. I would think that is a fairly safe bet. But the smart money for the near future has to be to be long and short when the momentum stops or a correction occurs. It seems as though shorts always have time to get in on the way down during a 50% correction and make a good percentage. Shorting on the way up requires more luck than going long, IMO. You never know where the top is, but you can always tell when a stock is riding down hard or a correction is occuring.
I almost hope this stock goes back into the 70's so I can get a small piece. I missed this one, even after getting the information. At least 2 of those people bought the stock then on my recommendation--good karma for me.
Late.
G |
