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To: Rajiv who wrote (406)7/2/1999 6:39:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 790
 
Rajiv, just remember, SI has a "spam" detector and if you post the same thing on multiple thread you go directly to SI Jail. So reword each post.

By the way, right now, at least for another week or two, I do not think that short plays, particularly in volatile stocks will be very profitable. Few short play are relatively "safe" because of their own special conditions (MVIS, warrants conversion, UOLP and AND the issuance of a floorless are examples), all three are down to "steady in a market making new highs. If you go after the over priced I-nuts, you may have your head handed to you, they will move with the market and the ridiculous IPO's. I think that a good time to short the I-nuts will be latter this summer, maybe two maybe four weeks, wehn this summer rally dissipates. In the meanwhile you guys should enjoy some on the long side. Do not fight the trend.

Good luck

Zeev



To: Rajiv who wrote (406)7/2/1999 6:52:00 PM
From: KNOXACCT  Read Replies (1) | Respond to of 790
 
Did anyone short anymore CUST today or cover ?? Was I the only one stupid enough to short today ?

Thanks



To: Rajiv who wrote (406)7/3/1999 10:57:00 PM
From: Rajiv  Respond to of 790
 
<ONSL>

From JagNotes's "Rumors" section -

Jul 02 11:17am Onsale Inc.(ONSL)$18 11/16. Rumor that (AMZN) will make a $30 bid for company.



An intra-day chart for Friday shows that ONSL (stock price and volume) went up sharply at around 11:17 EST. It moved even higher just after noon. I wasn't watching CNBC but I will not be surprised if CNBC (or possibly the newswires) picked up coverage of the rumor around that time.

If the rumor would have been genuine, one would have expected ONSL's stock price to have started creeping up between 9:30 and 11:17 AM EST. It didn't.. My theory is that an individual started the rumor. Since he/she could not pick up a million shares, the share price did not move up. Once this person took a full position, a call was made to JagNotes who promptly put it up in their rumors section. This was followed by a huge spike caused by daytraders jumping on ONSL.

From the JagNotes disclaimer (they make you read it before you enter the rumors section -



Rumors are common on Wall Street. Sometimes, the rumors that are circulated are correct, however, the majority are not. Day traders and investors lose and make money every day by trading on rumors! The fact is that rumors move equities!

Throughout the day, brokers and traders from all over call JAG Notes to let us know what is being heard on the street about different stocks. Now you can hear the latest word that these brokers and traders pass along to us on the JAG Notes.com Rumor Page! As soon as we receive this information, we post it so you can be more informed!

JAG Notes does not recommend the purchase or sale of any security that it reports on, and the information on the JAG Notes Rumor Page is solely intended to keep the active trader and investor informed about what is being heard on the street. JAG Notes is not acting in any way to influence the purchase or sale of any security, and is not liable for any losses or damages, monetary or otherwise, that result from the content in the Rumor Room. JAG Notes recommends that you consult with a broker before any trade.


Regards.
Rajiv



To: Rajiv who wrote (406)7/4/1999 1:31:00 AM
From: robbie_nw  Respond to of 790
 
Rajiv -

The key to the "pop" is two-fold...the least of which is jagnotes. The real key is when cnbc grabs it and "reports" the rumor :>)

As a subscriber to jagnotes, I can tell you that any pop jagnotes can give is already in the stock price by the time the subscribing audience gets to see the rumor.....but you can put it on your watchlist and have your finger on the trigger if cnbc picks it up.



To: Rajiv who wrote (406)7/6/1999 10:50:00 PM
From: David Wise  Respond to of 790
 
You list 3 takeover rumors which you claim are false. I'd be interested to hear how you came to this determination. Is this just opinion, or based on factual information? Not that the rumors have been substantiated with any facts, but even a contradiction should require some substantiation.

As far as ONSL, rumor or not, I have used their service many times and believe they are superior to most. I was disappointed with their last earnings report, as revenue is not growing fast enough. Recent partnerships could help, and advertising/marketing is greatly needed. I especially liked their hourly auctions and believe that steady growth could still make them a winner. With Christmas sales only 5 months away, I sure wouldn't hold a short very long - buyout or no buyout.