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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: If only I'd held who wrote (26957)4/5/1999 9:26:00 PM
From: RockyBalboa  Read Replies (1) of 122087
 
Well, who expected DBCC at $46. All thought DBCC was fully valued at $30 so the first shorts came out and began shorting. MP himself went on slightly sub-30 that time.

Noone expected DBCC in the high 40ies (that needed a $240ish MKTW price, not $130 it hit the first trading day).

Sure at a $36-$40 price DLIA should be a very safe and great short.
But who would talk it down right now. Barron's? Because of that it can go much higher. Much higher could be $50-70 as well. The chances are low but... not zero. Needs a big stomach (margin).

That said, I closed my initial short 10 days ago (on Mar-19) at par ($27) when I found that it doesn't go down.

I see DLIA soon after the IPO, in the very low $20ies.

C.
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