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Technology Stocks : Copytele - Another XEROX in future

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To: Jack Clarke who wrote (1271)5/6/1998 1:57:00 PM
From: Eric Klein  Read Replies (1) of 1320
 
Sorry to hear that you've opted out. COPY is an exceedingly frustrating short. Seldom has there been a company with such transparently poor prospects, seemingly run by fossilized snake oil salesmen, which yet manages to keep a market cap of $200 M.

I've been short since before they split, when they were at 19 (pre-split). I've made money on them, and I should close out also, but I just can't bring myself to abandon them. Maybe the longs feel the same way, they have a ridiculous affection for their stock rigging shenanigans!

Anyway, COPY has made these short lived spikes before. I think it's MMs trading back and forth to see if they can hook some new fish. Their pump-&-dump hasn't worked very well this year, but they still keep trying.
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