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Technology Stocks : Creative Computers(MALL)
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To: RikRichter who wrote (587)11/25/1998 11:56:00 PM
From: Tom Hua  Read Replies (1) of 1634
 
<<As an aside, who do you think has more guts here ... the longs or the shorts?>>

Elliot, IMO going into the IPO, the longs. Even the expectation of a $70 open is optimistic. I bet ya UBID will close the first day no higher than $50. And this is assuming net stocks don't correct next week. YHOO and AMZN are showing signs of fatigue the last 2 days. MALL's rise and the intense expectation for UBID were largely fueled by the explosive surge in ONSL, COOL, and EGGS. Next week, will these stocks give back some of the more than 100% gains in the past 2 days? These parameters are probably not considered by the longs.

Regards,

Tom
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