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Technology Stocks : NewCom (NWCM)

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To: Ralph Ulisse who wrote (611)	9/6/1998 11:12:00 PM
From: Cool Hand Luke	Read Replies (1) of 662

You can always tell a "fish" story by the absurdity of the facts. Paperheart never sold short, never bought in - and certainly not at $4 1/2. If he did - and that's a big if - there was hardly a blip on the screen. More interesting is what the real shorts are doing - not little braggarts like Paperheart. THEY ARE STILL SELLING SHORT! Almost all of the selling volume over the last few trading days - since the David Evans article - has been shorts trying to scare weak longs out. To some degree they have succeeded. I am sorry for those longs - they have sold at the bottom, and worse, are going to miss the ride back. I have added to my postion over the last three trading days to the tune of 50%. Why? Fundamentals are the same. The long selling was nothing like I feared - as most of the selling, as I said, was more shorting. Which also means the shorts are selling too low. Not a good omen for them - but definitely good for us. And, finally, most of my professional friends are starting to buy again - which means the stock has gotten cheap enough. Hang in there. The squeeze is coming. And won't the shorts scream when it happens. Not only are they dirty players - they are bad losers too.

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