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


To: McNabb Brothers who wrote (1378)7/20/1999 8:21:00 AM
From: The Vet  Read Replies (1) | Respond to of 9677
 
Hank, it's the funniest thing to suddenly find all these "experts" on FSTW making predictions and accusations depending on how they managed to screw up their trades yesterday. Where were they when we had more posts in a day than shares traded in a day for weeks on end?
Do I think the rise was justified on the single press release? It does no good even to speculate, the price is where it is and no amount of rumination will change that. I do believe that the shorts have made a major mistake by shorting so many shares which cannot be covered unless the longs sell and "let them off the hook". Anyone who is long just has to sit tight and hold their shares and the shorts will come to their price before Thursday, when all of yesterdays trades have to be settled. FSTW products may not be scarce or expensive but FSTW shares are a hot commodity, and a lot of people have to have them. I expect at least one more concerted attack by the shorts today, but if the longs hold their shares and the price holds then the $20 party is definitely on before the end of the week.