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Technology Stocks : ADSP - Ariel
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To: Henk Wondergem who wrote (2097)12/3/1999 6:56:00 PM
From: Oleg Sogolov  Read Replies (1) of 2263
 
I'm still holding my short position of 500 shares at $9 15/16. I should've known to short the stock on the day following Thanksgiving. That was the same case for UBID and OMKT as of last year: just check their trading history.
However, I jumped on the stock last Wednesday since such price appreciation was unwarranted in the first place.
Then, I had gone on vacation for a full week with no access to the trading screen. Upon my return I was amazed to see the stock actually go up like it did last Friday.

As of closing day today, the stock is back where it ended last Wednesday. Seems like the only buying occurs when someone covers his/her short. My buy to cover price target is $5. That means I'm still holding the short position.
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