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Technology Stocks : Creative Computers(MALL)
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To: Dave who wrote (1029)12/3/1998 12:42:00 PM
From: Fred Puppet  Read Replies (2) of 1634
 
All of the MALL buyers in the past couple of weeks have bought in anticipation of UBID skyrocketing. Everyone has the same plan: wait for UBID to shoot to the moon after the IPO, watch MALL follow upward, and then sell MALL at a great profit. The bottom line is that all of the MALL speculators are planning to sell in the next couple of days. Not a single one of them wants to be a long-term shareholder. Since all the speculators have already bought, and since they all plan to sell soon, MALL has nowhere to go but down.

I just covered another great short that had a similar story. NRMI was going to have the "official" opening of it's web business, so everyone bought NRMI in anticipation of the news. It ran up before the news, and I shorted at 18. The internet business was announced yesterday, and today I covered at 9.

BTW, I see that Mohan "contrary indicator" Marette is here hyping web commerce. He was doing the same thing on BAMM when I was shorting in the high 30's. Today BAMMs in the low teens!
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