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Non-Tech : Invest / LTD
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To: Shelia Jones who wrote (1821)8/14/1998 11:18:00 PM
From: Peter V  Read Replies (2) of 14427
 
<<It's amusing the number of people interested in shorting that damn tower company after it's fallen 10-15 points. >>

I don't daytrade, so I have to wait for things to fall. I have shorted SCTR on the basis that they are going to have crappy earnings based on things like massive dilution for the OmniAmerica acquisition, and that will make them go down even further. One thing I learned and just had reinforced today, is that just because something has dropped, doesn't mean it can't drop further. Witness ABTE, TRBD, and SRCM today, and pick any oil service stock you want.

I might be wrong about SCTR, but we'll see when earnings are released.
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