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


To: ynot who wrote (338)7/28/1999 12:48:00 PM
From: Andrew N. Cothran  Read Replies (2) | Respond to of 708
 
Mostly in agreement.

But today's markets not value driven but emotion driven--especially those involved in internet and bandwidth. The old rules drive you to short. The new paradigm drives others to go long.

Their irrational exuberance (to coin a phrase) will drive the shorts up the wall even though the shorts, if they can last long enough, may come out the winners.

Just to show you that I am a swinger, albeit an old one, I bought NOPT yesterday at 31 1/4 and sold today at 34 1/4. Might as well scalp a little in the midst of the war between the indians and the white man.