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To: Brasco One who wrote (216)7/3/1999 3:38:00 PM
From: Chi-X  Read Replies (2) | Respond to of 977
 
As a seasoned short seller myself, Donny, you made a BIG mistake shorting GOTO. You only short stocks when they show weakness. When they close down or near its low of the day. Even then, 1 weak day isn't a trend. Remember, the trend is your friend and for now GOTO's trend as well as the DOW and NASDAQ is for record highs. Personally, I'm long and strong.

Also, this is an IPO & 95% of brokers protect their customers and themselves by not making it marginable (borrow funds to trade). You need margin in order to short this stock. While on CASH you can buy this stock and the broker won't be prone to losses, if you short sell the stock you put the broker and yourself prone to UNLIMITED losses if the stock keeps going. That's why most brokers don't allow shorting on IPO's as many go balistic and put short sellers out of business which isn't good for continued business with their firm.

Just a fair warning. Long GOTO!


Cheers,
Chi-X hath Spoken!

"There shall be no tanking until the shorts get their spakin'."



To: Brasco One who wrote (216)7/3/1999 9:16:00 PM
From: ChinuSFO  Respond to of 977
 
Mr. HeHeHeHe take a read of what this person has to say at the following link and let us know what you think if you please. This guy sounds reasonable to me because he says that currently the stock is hot if the NAZ remains hot and if the NAZ goes into negative territory (possible after the earnings seasons IMHO) then this stock will be on its way down unless it reports good earnings prior to that.

ragingbull.com