Twister:
You maybe right. SUNW may realy in fact be worth no more than $8-$10/shr as I feel based on current economic climate and at least for another 3 months that is how much SUNW is worth.
But I came accross the following article that was rather interesting:
This from Jim Cramer of Realmoney.com:
Remember the short-sellers! Remember that they need stock to be sold to make their dreams come true. But what if no one sells? What if people say, "Motorola (MOT:NYSE - news - boards) is dead, but so what?" What if they say, "EMC (EMC:NYSE - news - boards) is bad, but not that bad." What if buyers say, "You know, I like Jon Joseph's call, so I will hold on to my semiconductors?" What if people say, "You know, Bush really showed me something, and I want to be long with this guy?." What if the only selling was for income taxes, and now they are paid?
I will tell you what happens. The shorts panic. They cover. And we get our first back-to-back rally of the year that might actually be lasting. We break that negative psychology which says, "Why buy now, when there will be lower prices tomorrow?" As a veteran short-seller I can tell you that my worst nightmare was a lack of supply, that no one would take action on bad news because the owners don't care to sell any more and buyers have been looking to get in with $2 trillion in cash. I used to rail around the office on days like today saying, "Where are those I!@#$#! sellers? What the !@#$%! are they thinking? Why don't they sell?" And if they listened, I made money. Often, though, they didn't. I don't think they will listen today.
Regards, |
