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Technology Stocks : Creative Computers(MALL)

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To: Tom Hua who wrote (478)11/23/1998 5:24:00 PM
From: Kenneth Yeh  Read Replies (2) of 1634
 
Tom, you shorted at 31 1/2?

Its closed at 32 1/4 today. Its likely to gap UP tomorrow morning given the strong close today. However, from viewing my Nasdaq II quotes, there were some HUGE bidders at the end whose orders did not get filled. I have a strong feeling that ANY NEWS will bring MALL close to 40. There's very little resistance past 34. Just my opinion. Please do short with care because the market is HUNGRY for ANY INTERNET IPOs. You can clearly see that with CMPL (Computer literacy). There were also some serious shorting today and even with that negative momentum, we still closed up 7 1/2 points. Remember now...we closed 7 1/2 points UP ON NO NEWS!!!

Tom, I agree and understand your logic in shorting MALL. However, GREED overcomes all logic and fighting it will only result in losing.
This current market is not for the strong minded...its for the strong stomached. Playing AGAINST the momentum will result in another AMZN. Good luck.

-Ken
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