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Technology Stocks : Copytele - Another XEROX in future
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To: Phil Forbes who wrote (966)10/23/1997 11:06:00 PM
From: wolfdog2  Read Replies (2) of 1320
 
Phil, you are braver than I am. I closed my COPY short position yesterday. I thought I'd better nail down my profits for now, while I still had them.

I know Dominic can't stand my referring to the Global piece as a PR piece, but it was. And masterful. There may not have been anything new in it but it was forcefully put together. Just the sort of thing that could give brokers real mileage in pushing the stock. I think that COPY is going to make an all out move to get up the price of the stock. So, I thought it prudent to stand aside.

Also we are approaching the strongest time of year for small cap stocks. If the stock moves up, I intend, unless Denis and Frank can show that they can sell the Magicom in quantities meaningfully large enough to support the price of the stock, to short again.

So, I'm sorry to inform the longs that if the stock drops, they can no longer count on me to help support the stock by buying in my short position. <g>

Btw the stock acted very impressively today. It was up on a day that the NASD advance-decline numbers ran 3.4:1 in favor of decliners.

One last thing, I had been in e-mail contact with Global. I had originally asked them how to get to the article from their home page. Bingo. They e-mailed me back with instructions. I then e-mailed them back asking why there were no credits given to the author of the article, in as much as other articles gave credits, bios and photos (at least in some cases) of the authors. That was yesterday. I'm still waiting for a reply. I won't hold my breath. I take their silence as the silence of confirmation (as if any were needed) that it was indeed a PR piece.
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