Harry:
Wait a second....
Do you really belive that the short position you posted is
significant in a 7.5 million outstanding position which has
gone up 5X in a few weeks. PLEASE!!
a) I'm willing to assume that the short position total is a lot
higher now than on 19Mar98. In addition, you'll notice that no
short positions were being covered on the downspike that occurred
in the middle of March. Interesting, no?
b) The trend in short positions is much more important than the
raw total. As you can see, some of the bears have woken up.
Longs should take note of that.
c) You should realize that the unregistered short position is a
lot higher than that officially posted.
d) I don't know about you, but if I held a security that had raced
up 5-fold in a few weeks, I'd surely be piecing out my position.
You know Harry, you're the one who seems to be the sensitive one
here. I'm just doing my best to provide objective reasoning why
I'm shorting PYT. While I'm in disagreement with you, notice that
I'm not trashing the company, fear-mongering, or using loaded terms
like "it's a no-brainer".
You're the bull. I'm the bear. Let's just set the bar at $5.25
and come back later to see what PYT has done.
Gotta love this game, eh Harry?
WN |
