eToys Inc. (ETYS) Message Board

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Technology Stocks : eToys Inc. (ETYS)

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To: Susan G who wrote (701)	9/30/1999 1:31:00 AM
From: Oleg Sogolov	Read Replies (1) of 1330

It's funny how today's investors interpret raised targets projected for the next 12-18 months as a 2-3 day affair. I had been watching the stock price gradually climb and if it weren't for poor market conditions, the stock would have hit its destined target of $80 and probably some. Same story with CMRC of a couple of days ago. An analyst projects a $120 target. The stock takes off from $25 and reaches $135 within 72 hours. I short sell then, people call me crazy preaching margin calls, then stock dives to under $100 and some still believe they are buying the stock at a discount to yesterday's price. Go figure! Least to say: no margin calls on my end.

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