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Technology Stocks : America On-Line: will it survive ...?
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To: lbs who wrote (5380)10/30/1997 10:29:00 PM
From: PAL  Read Replies (1) of 13594
 
There is one rule of thumb on Wall Street and used as an indicator as to where the stock is heading:

If there is no share available to short, this means that all the big boys have used up all the stocks to short, and none left for small investors. The stock will likely go down. The alternative is to buy puts.

If there are shares available to short, the big boys anticipate the stock will go up, hence they are not shorting in a big way.

Remember that Wall Street still thinks that the small investors are always wrong.

Have you checked if AOL is available for shorting?

Next one good for shorting is N2K. This stock is even more overvalued than Amazon.
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