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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (906)6/23/1999 5:19:00 PM
From: Brad Davies  Respond to of 2514
 
Tom, I believe you and I have seen some of the same plays. (ZITL and VVUS among others). Unfortunateley, the main variable is the length of time it takes to get the true believers to come to their senses. That seems to me to largely be a function of the float and the MM control on trading. Have you done any analysis of the float in this case. If so, I would be grateful if you could share your findings.
Regards,
Brad



To: Tom Hua who wrote (906)6/23/1999 7:28:00 PM
From: Mike M  Read Replies (1) | Respond to of 2514
 
Mike, I would say it turned out beyond the shorts expectations in Act I.

Without a doubt it was beyond the shorts expectations....as was yesterday's surge...

Maybe you slept through it because you were completely silent then. Not completely Tom...I laughed at some of your inane comments...Act II just started. The fun continues.

The script actually reads like this:

1. Stock runs up shorts participate by supplying significant buying power
2. Longs proclaim CUST to be going to $100 or something like that you're on a limb here Tom...the only target I heard was from an analyst...Notwithstanding it did reach 90...
3. Shorts enter you mean new shorts, of course, since the old ones are exiting
4. Media slams CUST (optional)or a figment of your imagination
5. CUST drops like a rock There was no reason for it to sustain 90, after all the shorts were the driving force to that dramatic surge
6. Shorts take profits perhaps, the lucky ones
7. Curtain drops, end of Act.

Repeat, repeat

Final Act:

1. The bottom falls out of CUST some of your less reverent cronies already thought that would happen
2. Shorts take profits or is it losses
3. Longs (or is it shorts, the beauty of the game is nobody knows yet)now realize they've been had, vow not to make same mistake

End of Play.

We're now at the begining of Act II. Stay for the whole play, won't you? You bet, Tom, you bet!

Regards,

Tom




To: Tom Hua who wrote (906)6/23/1999 8:38:00 PM
From: Ron McKinnon  Respond to of 2514
 
Hi Tom

>>>This stock is not exactly following their script...

hmmm, sure seems like to me

I have never seen so much ado about nothing in my life
this stock has been a fantastic trader, both long and short

the script from the longs right now is that Cook and Company will put out their new wing ding by June 30th

so by 7/1 we either have a new run to the 50's-60's where we can load up our shorts again or we will have a fast bust where we need to try for an uptic to get in

the one thing that is nice about SI is one can go back and see previous posts; maybe some others here should do that at times

exchange2000.com
exchange2000.com

anyway, after covering my 2nd shorts on the last dip I went long (real small) and am now boxed; both long and short, also small, and taking nice intra day flips on the swings

if this breaks >> 50 I'll stay boxed and go 2-3x's on the long side; then unbox the long side and short heavy if we have the good fortune of mad longs running it up again

I really doubt we will see north of 60 again but one can hope for this pig to take wing for us

all the best