Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Lost1 who wrote (8229)	11/26/1999 9:06:00 PM
From: Jorj X Mckie	Respond to of 63513

Yes, I agree, it doesn't make me happy to see that happen to anyone. Furthermore, they are right, ADSP is a POS. That is the problem with following a guru, they may have safety nets that you don't and they also might only risk a small percentage and leg in to bigger positions. I wish them well. Plus the longs on the ADSP thread went way overboard with some of their comments.

To: Lost1 who wrote (8229)	11/26/1999 11:09:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 63513

It wasn't CNBC's fault at all. That short squeeze was engineered on Wednesday. I watched the stock all day on Wednesday. There appears to be a large consortium of traders that are trading on ISLD (the biggest ECN) and they were very obviously shorting the stock at 11 and above. I'm not the sharpest guy in the whole world, and I could see it plain as day, so you gotta know that some MM was sitting there planning on taking all that money away from them. It's very easy to sit in a chair somewhere and tell people who trust you to keep shorting something as it goes from 12 to 20 to 30 to 40. It's not so easy if you have 30 grand in your account and you are short 2000 shares at an average of 21 and you see the stock blow through 40. You're screwed, baby. End of discussion. Today, 40 was the magic number. When that stock hit 40 you could tell that the ordinary average people that had believed the stock was going back to 4 bucks were just screwed totally. They had to cover. When they saw it trade through 50, that's when the heart palpitations started. After Mr. Big and his pals sold all the shares they bought on Wednesday at 11 and 12 (from the shorters), and probably shorted just as much above 40, the stock backed off. Watch Day #3 on Monday. Should be interesting.