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Technology Stocks : NOPT: Northeast Optic Network, Inc -- Ignore unavailable to you. Want to Upgrade?

To: RobbRacer who wrote (55)	7/12/1999 11:41:00 PM
From: Aaron Krivitzky	Read Replies (1) \| Respond to of 708

Well, I just finished reading the last 25 posts or so. Shorters vs. long holders again. Common argument. Anyway, I think both sides are probably right. I agree with the Longs in saying that the stock will probably go up over 2-3 years. The company just laid a bunch of fiber optic cable. Of course, they have no revenues because no one is using it yet, but they just signed some big customers. Long-term that is way good. However, I also agree with the Shorters that the stock is probably overbought. Risen too much, too quickly. There will be at least SOME pullback. (Shorters don't need the stock to retrace completely to make a profit). Now, I am an idiot. I saw the spike at the end of day, and thought, "This is weird. The stock should be crashing. Something must be going on." So, I fumbled to put in a small market buy order at 30. It was going up so fast, I ended up getting filled at 31 5/8. Ug. I am hoping for a gap up tomorrow to get out of my long, then I short for about a 5 point drop. However, you need to watch out. Look at MCOM. 4 straight days last week of huge gains to the stratosphere. Hope this isn't another one of those. That kind of action defies 95% of precedents, and you are bound to lose money if you try to short. The risk of shorting, I guess. Good luck tomorrow, whether you are shorting or going long! It's bound to be a wild ride.