Overture (OVER) formerly (GOTO) Message Board

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Technology Stocks : Overture (OVER) formerly (GOTO)

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To: Ryan Bartholomew who wrote (249)	10/23/2002 10:51:21 AM
From: Johnny_Blaze_420	Read Replies (2) of 429

HI ryan, No i am not short now. I did not short at 30 since there are much better plays on the downside at this time than OVER. Nonetheless, I still think over is overvalued and will fall during the course of the bear market at some point. IT may not happen, tomorrow, the next week or the next year but it will happen and the fall will be nasty. Until I see the appropriate technical indicators i will stay away. But at 30 it was a good sell as a short term double top with a retracement to 25 or so probable within a short amount of time. Why does buy and hold not work you ask? because if you bought this stock in the teens and watched it go to a 100 and didn't get the hell out than...well you shuold know. Additionally, over the course of the last few months at least this stock has had plenty of 30-50% moves in short periods of time that could have easily been timed to take advantage off. Finally, this market isn't going anywhere for the next few years, a sideways range with an upper bias is the most bullish scenario. good luck, and I WILL post the exact time i short this pig, just for you. next summer: 18.

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