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Strategies & Market Trends : The Amateur Traders Corner
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To: lifeisgood who wrote (17732)12/30/2001 9:39:52 AM
From: Tom Hua  Read Replies (2) of 19633
 
Good morning LIG, most of these 9/11 stocks will eventually trade much much lower, much like the dotcom era. If I were an insider, I'd sell too. The institutional investors who bought 2 million VISG shares at 10.5 earlier this month are waiting to sell as well if they haven't partially done so already. It's possible that they shorted the stock and the private placement is an orderly way to buy shares to cover. But, like the dotcom bubble, that doesn't mean stock can't and won't go higher in the interim. I fully expect it will. The 33% short interest (2.7 million shares) provides a good support cushion. INVN went ballistic mainly thanks to the high short interest, certainly not justified by fundamentals and despite some insiders selling there too.

It's a game of musical chair traders play and love.

Regards,

Tom
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