<<I respect your persistence in trying to convince people on this thread that "shorting" MALL will be the right play...SOMEDAY!>>
Richard, let me reiterate for the millionth time that I'm not convincing anybody to short MALL. I'm here to present a different point of view. Come on, you know it and I know it, no posts here can influence the market price movement of a stock that trades few million shares a day.
<<HIGH, however, not IMPOSSIBLE!>>
No, it's not impossible. UBID can be all over the place. But it appears that you believe a UBID price below 30 is IMPOSSIBLE. I rule out nothing.
<<HOPE that UBID sells off all the way down to $65 (over 25 points - not likely) >>
Well, let's see. People here think UBID will do a TGLO kind of open, but refuse to believe that it can also tumble like TGLO did.
On the first day, TGLO opened at 87, quickly reached 97, sold down to 59 and closed at 63. That's a 34 pts slide. Not only it's likely to happen to UBID, it's very likely to happen if UBID opens high. And that's not all.
Three days after the IPO, TGLO closed at 32, a 67% decline from the IPO high.
And yesterday, TGLO closed at 40, 59% below the first day high.
Consider all the possibilities, not just those that you wish for.
Regards,
Tom |
