I just recieved this question earlier this am, and this is my reply from AOL.
Subject: Re: Short Position
Date: Wed, Nov 26, 1997 14:08 EST
From: Skipard
Message-id: <19971126190801.OAA13351@ladder02.news.aol.com>
I have spoken to some of the shorts, and they say what is there to this stock? No earnings, keep diluting it, Y2K is bs, we will worry when something good happens. Stock cannot get of its own way,etc...
I am very long this stock, very long, but that is what some of them are telling me. I have gone over the story 50 times with them, and they stifle a yawn. I guess we need some real news to sink our teeth into that will rattle their cage, or a couple of days of increasing volume with higher closes, but right now it is a Mexican standoff.
Some of these people have to have shorts for their portfolios, because that is in their charters, and they don't see a big risk here on the upside. I guess that is why they open this stupid casino every am.
I disagree with them needless to say, but that is my read. |
