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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: FrozenZ who wrote (36921)5/23/1999 3:12:00 PM
From: hoffy  Read Replies (1) of 122087
 
FrozenZ: I agree almost exactly with your analysis. I think the times will be extended though. I see a gap up like you said to about 30-32. Then a pullback to the upper 20's as the shorts pile in to drive it down. Then the price will start to rise again and the shorts will run for cover. This will happen over the latter part of Monday and into Tuesday with Wednesday being the all out spike day sending it up to a ridiculous level before profit taking sets in. Then it eases off over the next few weeks to where it should be. My prediction is that it gets as high as 60-80 by Wednesday and then settles back into the 40's and settles there. The company is expected to have earnings of $1 in 2000 so $40 is a respectable price for an internet stock with revs growing 100% per year and earnings moving up nicely as well. It could be valuated higher but I am giving it a valuation of what most companies with those earnings and growth usually get. SInce it is in a hot sector, the convergence of the internet and TV. It might also go crazy and just not come down. The small float will make this a fast mover and a traders dream. SHorting is very dangerous and I would only do it after a squeeze occurs and the price rises to some ridiculous level in a few minutes as the shorts run for cover. Might be hard to find any to short though.
Of course All IMHO
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