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Non-Tech : Cityscape Financial (CTYS)

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To: Bruce A. Thompson who wrote (2501)6/30/1998 3:04:00 PM
From: Zeev Hed  Read Replies (1) of 2544
 
Bruce, very interesting, on the Mohan thread I had a big disagreement with our friend Sankar on Yahoo. His theory was that Softbank would unload and thus YHOO is a fantastic short at 50, I took the opposing position (of course, Sankar and I rarely agreed), and warned that shorting YHOO before it break down under 46 would be a grave error. It never broke 46 and the rest is history.

Zeev

PS. Sankar is actually a brilliant analyst, but that episode (as well as the CTYS episode) shows how important it is to look not only at the fundamentals that are visible by all, but at the actual behavior and mass psychology of the stock (reflected in its technical behavior) when deciding on buying or shorting a stock.
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