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Technology Stocks : Open Market (OMKT)

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To: Hans-Erik Eriksson who wrote (794)	12/5/1998 4:37:00 AM
From: Herschel Rubin	Read Replies (2) of 2004

biz.yahoo.com Saw a link to this Wall Street Journal news release on the OMKT Yahoo board: THe WSJ will be hyping E-commerce in Monday's issue. This'll push OMKT back up in no time at all! To GARY: OMKT just may be at a good entry point now. The precipitous drop has been discussed at length on the Yahoo board and the consensus seems to be that OMKT is undergoing a margin squeeze (which means it probably has gone lower than it should have due to forced liquidations of many individuals who bought at $20+ on 50% margin and now have zero equity in their accounts - very, very painful). Margin squeezes usually play out in 3 days - which was today. On Monday, if the WSJ E-commerce article re-kindles interest in the E-commerce sector, there may be short-covering rally because there is probably a lot of short interest outstanding. As of November 9th, there were over 2 million shares short.

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