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Technology Stocks : 7th Level

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To: RockiReid who wrote (894)4/29/1998 10:41:00 PM
From: kgreen  Read Replies (1) of 1019
 
First of all, this stock is obviously being daytraded to death. That's why the float's turning over. There is a pretty big short position already.. and I think MM's are hesitant to borrow too many more shares to short because the stock's so volatile. I wouldn't bet on SEVL and I wouldn't bet against. Just go with the trend.

As for crucifying it as a long term hold, look at Yahoo. It was (and remains) grossly overvalued. There are plenty of companies out there that aren't making money yet.. investors buy them speculating those companies will make money.

Kath
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