blankmind, here is a reasonable perspective on the short interest
from a yhoo poster...imho
"Eldarr, Every
Short Is
Another Cover
Soon
kennedy__style__entrepreneur
Apr 4 1999
4:07PM EDT
I think the increase is accountable
primarily to two factors. First, some
ingrained behavioral pattern with this
stock, when it goes up, they short. It
wouldn't surprise me if some of these
are peopl who shorted at 12, thinking
they can make up lost money. Second,
they bet against the ipo/spinoff and
articles like raging bull probably ruin their breakfast.
Ultimately IMO
it doesn't matter much right now. The
major news matters, and when it comes
the stock rises even more with short
covering. I never short any stocks
myself, but the time to short idt is
AFTER the news comes out and BEFORE
Net2Phone is publicly traded. I wont
do it, but those who shorted idt most
recently dont understand there is a
new dynamic at work (shorts were
disappointed we didn't tank after
earnings this time). The problem
with shorts is they underestimate
Howard, while there are thinks I would
do differently, this Net2Phone is a
big league business, it is about to
ride the wave, any way they cut it
the deal is going to be big, and I
cant think of a dumber thing to do
than short a stock before a major
internet ipo with a major corporate
investor or two. regards, kse"
cheers |
