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Technology Stocks : Rhythms NetConnections Inc. (RTHM)
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To: Madharry who wrote (362)1/10/2001 4:29:02 PM
From: KHS  Read Replies (2) of 378
 
Wouldn't the short seller have to declare the gain sooner or later? Best thing for a short is to have a high flier go to a $1 and stay there for years and the shortseller can benefit from the gain in real money and delay the taxable event out for years.

Anyway, buying dollar stocks is usually a bust, but I think this situation is different because:

1. It went down on a drastic change in market sentiment rather than for fundamental reasons. Sentiment can change for the better much faster than fundamentals could.

2. Their network is a capital intensive venture and these things can't be built overnight. There is a time premium that should be built into their stock price and it is not right now. RTHM management is operational oriented and that is good.

Keith
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