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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: hjz who wrote (69953)	11/5/1999 12:52:00 PM
From: Jenna	Read Replies (5) \| Respond to of 120523

PHCM..correct that to over 45. QCOM I didn't buy it, its just too expensive but I've been 'following' the average short position which is 217. PHCM is now 264.. So I'll leave you to figure it out. My point is that these stocks whether they are MPPP, PHCM or any stock in that category, if you are going to short for the long term, get ready to move out of your house and go on an extended camping trip because a tent is all you'll be able to afford. They go down 10 points and up 40-50. I was hit with CMRC but with only 200 shares but I readily admit I was wrong in even holding a short overnight. These shorters disappear when the going gets rough, have overinflated egos for the most part, all the while their proclamations of the downfall of the stock is just 'forgotten' and shoved under the rug. I wouldn't ordinarily care but they have 100% surety in their pronouncements and don't even allow an element of doubt. They sway traders to their position to save their own failing short positions. Where are the shorters of QCOM? I lost a few thou on a put position, but I recognized the writing on the wall and would not make pronouncements like "They can't Split QCOM." Why not? they certainly did. QCOM will probably be 300 a share by today's close. So you say eventually QCOM's bubble will burst. Sure it will, but its not only the 'shorters' that will enjoy the bubble bursting but us longs that are savvy enough to short when the time comes. We might miss the top, but not by 100 points.