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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (1338)	7/19/1999 10:42:00 PM
From: dwlima	Read Replies (2) \| Respond to of 9677

small float and lots of shorters is a dangerous combination. But, recent developments that clearly indicate that FSTW's sales to MSFT only amount to a small $100k is not enough to bull the stock up to $40...it just won't happen... Few seem to disagree that this stock will be $4 or lower in the coming weeks. Also, with insiders holding so many shares- there intention to sell many of those shares will be coming soon. They would have to be imbecils not to do so. as a novice shorter, let me predict what will happen. tomorrow's volume will start to dry up....5MM shares will trade...stock price will appear to gap up, but will actually start trading down and go to the high 6s....covering will bring it up to mid 7s and then we will end in the 5s. i see the 3-4s over the next 2 weeks. i would never buy or sell a stock based on a squeeze of any type. they rarely happen (as in the case of KTEL) and is a ridiculous way to make trading decisions. real simple. $100k contract does not equate to a $20MM+ market cap increase. DWLima

To: McNabb Brothers who wrote (1338)	7/19/1999 10:50:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 9677

One difference, I think, Hank is that FSTW is a reputable company and would not foment an irrational 1000% rise in price as KTEL did. I don't see it, and I hope I am right.gg peter

To: McNabb Brothers who wrote (1338)	7/19/1999 11:32:00 PM
From: genejockey	Read Replies (1) \| Respond to of 9677

Hank, KTEL??? come on, I've heard the KTEL boogey man on crowded shorts where the float was under 1 million so so many times times this last couple of months... KTEL was a different time that's not coming back. Forget a short squeeze on FSTW... these days, "long squeezes" have been happening a lot more. You know, Longs realizing after the fact what a mistake they made and trying to "squeeze" out the exit at the open only to find there are no buyers...-gj