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Technology Stocks : AOL Shorts, Will they Survive?
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To: Cynic 2005 who wrote ()2/15/1998 7:14:00 PM
From: BenYeung  Read Replies (3) of 124
 
You guys dont even know how to pick a good company to buy, let alone shorting a stock.

If you judge you investment decision based on PE and valuations, you are a dumb idiot.

Let me give some of my wisdom:
When you short a stock, the specialist has to absorb it by "buying." But then, specialists are allowed to command prices unilaterally, so do you think that he/she will let you cover at a lower price? NOT!He/she would raise price to squeeze your buttcheeks.

Specialists make their living by buying low and selling high, just as you and I do. If you sell them (short) at high, the specialists WILL raise the price for you to buy them EVEN HIGHER.

Read Richard Ney's books for details.

Good luck to you all. I believe (using intraday charts) specialists of most stocks are in the process of taking prices to a lower level, probably taking the Dow down to 7500-7700.

If you are still shorting AOL, dont cover yet. I believe it will correct in a major way.

Ben
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