Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mama Bear who wrote (6999)	4/14/1998 11:34:00 PM
From: craig crawford	Read Replies (3) of 18691

<< Damn the 900k float, Disco Duck just can't sustain a move like this. >> KTEL only has a float of 900k?? Looks like I'm not going to make any friends here again but you guys are totally nuts!! Are you guys off your rocker??? There is no reason to go short a float with only 900,000 shares! Do you remember OCCF? It had a float of about 669,000 shares. It's business prospects weren't all that great (we find out now after it has declined 60-70%) but it ran from 10 to 136 in one month DNA went from single digits to 120 on a short squeeze alone. Of course now it's booted off the NYSE and is essentially worthless but it caused a hell of a squeeze on the way up. Only my opinion, but anyone who shorts KTEL here is committing FINANCIAL SUICIDE. I just might go long. I just might do that. I'll have to give it a look tonight. These stocks are so volatile that I'm sure you might be able to scalp a little here or there (especially if it gaps 10 points or something), but don't hold that short for very long.

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