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Technology Stocks : e.spire Communications (ESPI)

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To: Terp who wrote (203)4/10/1999 2:38:00 PM
From: David Smith  Read Replies (3) of 471
 
I agree, any and all techs are going to get DESTROYED on Monday, including the internets. Strategy: if you are long ESPI, it's probably best not to panic sell into the likely gap down. If you already have a trading short and want to take profits, look for the bottom and cover Monday morning, then reshort into any recovery. If you have no position and are looking to get short, try to short right at the open if the stock opens unchanged or down only a little, since any longs will dump when they see the stock not gapping like they expect.
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