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Technology Stocks : About.com (BOUT)
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To: Sanjay Varma who wrote (257)5/28/1999 11:43:00 PM
From: eDollar.com  Read Replies (1) of 438
 
sanjay, i wish u good luck shorting any internet stock. they do not follow any fundamentals or technicals. This is from my experience. The fact is, if it moves up and a momentum is established, it can wipe you out. I was almost wiped out on SEEK when I shorted at 50. Coverd at 87 only to see 52 the next day and again 80 the same day in january. Vowed not to short any internet stoack. Since then doing very well.

JC Reddy was advicing to short HLTH at 38. Yhen yahoo came public people said it will be 5 dollars in a year.
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