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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ)
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To: Ultimate Investor who wrote (816)5/14/2004 6:09:50 AM
From: rrufff  Read Replies (1) of 838
 
Ultimate - I was being facetious. I wish you all the luck in the world.

I have no position in ASKJ. My comments were only prompted by the occasional post on this board, which come on as gangbusters about how overvalued this is and that ASKJ seems to be an easy short.

This post in particular is all one-sided, sounds like a Yahoo type rant and does not look at the other side.

Message 20034764

A very simple look at the chart would show that the only way a short would succeed would be to hit an entrance and an exit perfectly, which is not the kind of odds that a typical short would go with in picking a stock.

I was long from under a buck to 15 and 18 levels. I tried shorting a couple of times but was stopped out, as I set very strict stops on volatile shorts. Fortunately on the 2 shorts I only lost 1/2 point and each time the stock went on the run higher 3-5 points so I would have lost a fortune.

So again - I admire anyone who tries to scale an impossible mountain. I thought of shorting this when it spiked up to the 30 level. Again, as you can see, this would have been a disaster.

I still have it on a list of candidates to short, but now I'm saying, maybe if it spikes into the mid 40's with the Google IPO. Seriously though, it wouldn't surprise me to see this go to 20. OTOH, it wouldn't surprise me with the exhuberance of Google, it could go to 60 or even more. It will probably split.

So good luck with your short and I apologize for what you deemed an "indecency" but I'd suggest you be very careful on this one as there are lots of bodies lying in your road.
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