MODA Modacad (Nasdaq: IBUY) Message Board

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Technology Stocks : MODA Modacad (Nasdaq: IBUY)

IBUY 71.72

-2.3%

Nov 4 4:00 PM EST

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To: cad who wrote (264)	8/4/1998 12:56:00 AM
From: Smilodon	Read Replies (1) of 409

I shorted a little bit this week. I had planned to put on the short after they launched the site, but decided to go ahead due to the market conditions. In the current environment, the risk of a big price surge on the hype seems less likely. If we really are starting a bear market, or even a very serious correction, these speculative issues will get destroyed. And for all you longs out there, I am not the enemy. I just see a stock with a high valuation, a declining existing business, and a business plan for the future that is in the early stages. An endeavor like this is always very risky, but MODA is valued as if it had already begun to see some success. Regards, Archer

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