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Non-Tech : Invest / LTD

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To: Timelord who wrote (4345)	10/16/1998 10:44:00 AM
From: Thean	Read Replies (1) of 14427

Alex, the evil tower has no fundies to back it up and so far its rally back from $12 was on lousy volume. The reason it has not tanked is likely because it is no longer being shorted aggressively. If you can borrow shares of it it means the a lot of shorts have covered. However, they will come back to short companies with no real fundies again when the mood of the market turns south. If not for still owning this POS short already, I would short it some more. Therefore, I would suggest you wait it out. A big volume move and close above $19 will be very bad and that typically means something in the work that we are not aware of. Until then, I think $15 is a near term support. Still shorting it. Anybody looked at NBTY fly again for the second day? Hee Hah. The shorts are getting squeezed on this one. Took 1/3 off the table already. The motto here is not to be complacent on the short side. When the going gets too easy, it's time we get screwed.

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