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

To: ynot who wrote (542)	8/5/1999 12:14:00 PM
From: J.Y. Wang	Respond to of 708

I'm holding my last 1/3. I certainly would not mind if NOPT runs to 40+ so I can reload. I am secretly chearing NOPT on. Someone here insinuated that I got lucky with NOPT because the market tanked. That's rather moronic because NOPT ran when the Nasdaq was setting record after record. So when one shorts NOPT in that environment, one is essentially "betting" on two things: 1) Market will correct, especially because P/E of S&P500 is ~35 and Nasdaq 100 is ~65 and with inflation/productivity/fed rate uncertain. A market correction would take most stocks with it, especially the ones that ran significantly like NOPT. 2) NOPT will correct independent of market. NOPT was not a lucky short. NOPT was a very typical short.