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Strategies & Market Trends : Shorting stocks: High fliers

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To: Q. who wrote (582)11/27/1998 5:48:00 AM
From: RockyBalboa  Read Replies (1) of 709
 
John, I am on the short side here, in the very contradiction to most of the other stocks which I entered long for daytrading aspects.

The problem might be that it might be just bid up to an unhealthy level in this frenzy which carried stocks like COOL ONSL EGGS and EBAY that far.

I agree that the numbers are "small numbers" so the relative valuation to other second tier internet vendors seems to be rich here. They may have access to urgently needed cash either by conversion of warrants or by doing other equity financing,

Greetings

C.
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