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Technology Stocks : Point West Capital (PWCC)
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To: HRAKA who wrote (43)2/10/1999 6:28:00 PM
From: Tibor  Read Replies (2) of 345
 
I think all of us longs underestimated the MMs' power. They were obviously short PWCC, which was the reason for the huge runup in the last few days.

As soon as they cover and go long, just watch how fast the stock will move up which will bring in new buyers and new shorts. I would be surprised if PWCC is over given that the Flashnet IPO is still 2-3 weeks away.

I think we may have another rough day but it should hold 15.
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