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Technology Stocks : Phone.com [PHCM] -- Ignore unavailable to you. Want to Upgrade?


To: H James Morris who wrote (709)11/8/1999 12:34:00 AM
From: Chris M.  Read Replies (1) | Respond to of 1080
 
<<Chris, we're in a mania.>>
Yes.

<<There are more institutions buying shares than there are shares available.>>
No. (I sure wish I could prove it, but my gut tells me they won't touch this. Growth is abysmal)

<<I expect these shares to get sucked up too.>>
Maybe. Maybe not.

Let's face it. The only reason this stock is where it is today is because FBCO is taking extreme advantage of daytraders who short and cover and short and cover. It will be over when they finally give up. When they are gone, there will be no one left to buy the stock. Good luck cashing out on Monday. I am sure that PHCM will oblige by issuing a press release of some sort. They always do the day after a run, it seems. If there is no press release, Fridays highs will be a huge stretch.