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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT) -- Ignore unavailable to you. Want to Upgrade?


To: ynot who wrote (913)9/7/1999 4:08:00 PM
From: Kimberly Lee  Read Replies (2) | Respond to of 1794
 
ynot, good move of getting out at 69 - I wasn't keeping up with this board.
the stock never violated support in the 64-65 area on a closing basis, so it was prudent that you close your short position at 69. Really, there are so many other opportunities out there, as you said, it doesn't pay to try to stop a running freight train. In the short term, mass hysteria often overwhelms fundamentals very quickly.

Wait for the lockup period to end; I am sure the VCs and many insiders can't wait to bail then.