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Technology Stocks : China.com Corp-(CHINA) -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (247)7/14/1999 6:46:00 AM
From: monsoon  Read Replies (1) | Respond to of 504
 
Where did you get shares to short? KeepItSimple...

I agree with you that there are some underlying concerns regarding China.com right now, but you got admit that the potential is there.

From the # of posts you've put up and the time they are put up, I'm going to venture a guess that you are short this stock-even though I don't know how you got the shares. I think you'd almost be crazy to short a stock like CHINA right now. The reason internet stocks hit all time highs back in March was supply and demand. And people don't care what the underlying fundamentals are with china.com right now, all they know is that it is the ONLY big time internet play to show up on the nasdq and they are going to buy it up. And don't forget that AOL earnings is next Tuesday. And by the look of yesterday's close on many of the big name internets, we could be facing a good rally next couple of days if the ppi and cpi are in-line.

And honestly, if I were you, I'd wait a couple of weeks and let the hype die down a bit before I make a move on the short side. And by the way, if you are short, where did you get shares? I'm long on the stock right now but will move over to the short side if the stock gets overextended.

Good luck.