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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Augustus Gloop who wrote (6861)4/29/1999 8:48:00 AM
From: David Wise  Read Replies (2) of 30916
 
Unfortunately CMGI is down about $20 already. May still be worth shorting, or Puts. I still have never shorted. There's a saying that the market can remain irrationally exuberant longer than you can remain solvent. Many people were shorting AMZN a year ago - and many others that have doubled or more. But Options on these have such great premiums that it's hard to make anything. I've gotten much more conservative this year.
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