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Technology Stocks : I-Link Inc (ILNK), VoIP Telephony
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To: Tom Hua who wrote (41)4/28/1997 8:54:00 AM
From: Fred Puppet   of 417
 
Tom, I did cover my short, except for a nominal 500 shares. Thus, I've lived to speculate another day, but will have a small short in case the big crash comes today. I'm positive that ILNK will gap up today, but couldn't bear to go long last Friday. The problem (for the shorts) is the nature of these MLM people. They are group followers, believers, and dogmatic. Further, they have little stock market experience and thus don't have much fear. As the herd hears about ILNK, they sign up for the phone service and buy the stock.

Long term, I'm sure ILNK will not prosper, and they might not survive at all. Thus, it is a good long-term short. I think the overall peak will occur early this week, and I plan to be in on the ride down. Today will certainly be exciting!
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