Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Paul Allen's Wired World -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (162)	7/10/1999 7:57:00 AM
From: Adam S	Respond to of 361

Regarding Friday's run-up in ASYM: You may have seen on CNBC the interest and recent run-up of HGSI, Human Genome Sciences, Inc. Well yesterday, as a sympathy play, traders/investors were buying a company called Affymetrix (AFFX). It was up 7 7/8 or 13.55% on the day. Yesterday, when I noticed that ASYM was up on no new news, I happened to be watching CNBC at the time. I heard Joe Kearnen talking about "Affymetrix." My ears perked up, because at first, I thought he was talking about Asymetrix. Well, it certainly sounded like "Asymetrix." (One letter off. And F often sounds like S.) I assumed this was one of those situations where uninformed investors were buying the wrong stock! So, I tried to short ASYM around 3:40pm, on the assumption that once traders realized what they were buying, they would dump the stock. No luck, as there were no shares available to short. My opinion is that this stock will come back to earth next week. Adam P.S. I wouldn't normally short companies in the Wired World Portfolio, but when you see an oppty. like this, it's foolish to pass up.