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Technology Stocks : NUANCE COMMUNICATIONS (NUAN) -- Voice Interface Software
NUAN 54.840.0%Aug 11 5:00 PM EST

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To: slave who wrote (67)8/9/2000 12:28:27 AM
From: Glenn D. Rudolph  Read Replies (1) of 191
 
I closed my first position and did well. Opened another position at 172.. Will scalp it if i have to
, or will add when it ,or the Nasdaq, really tanks...When the lock up comes out the person who
has accumulated the most will win big...I will just play it for now, hope you get the full ride
down....Dave


Dave,

Is there a reason you want to short a stock with good momentum, a small float and apparently almost all shares are already shorted? I can't tell if you have a short position now or if you have a boxed position or no position but the risk/reward shorting a stock of this type is terrible.

I had a very nasty experience two years ago shorting Amzon because I felt it had a poor business model and was way overvalued. Not only that, I saw a lot of insider selling. Huge amounts. The end result was the insider selling had no affect at that point in time and the speed at which it moved made for a very costly position to take.

I am mentioning this because Nuance has the same characteristics at present. There are far better shorts or other longs to play.

Glenn
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