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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)
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To: Hands Off who wrote (699)11/13/1999 9:48:00 AM
From: Dennis O'Bell  Read Replies (1) of 1983
 
OT - s'amuser beaucoup...

Effectively, treat themselves to a slice of cake (tranche de gateau)

I found it odd to see the french financial term "tranche"
in that SSB dispatch - because eurodollars were involved?

Still can't figure the sudden change of heart among the short
sellers, they had their chance to make a fine profit just a
few months ago! Doesn't make much sense. Unless some of the
short position was part of straddle plays betting on simple
volatility of the underlying. But that shouldn't lead to
a squeeze (normally) should it?

I still feel that the hallucinatory P/E of MFNX during this build
out phase will keep the short interest elevated, but that will
change and they'll be proven wrong (I hope! :-)
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