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Technology Stocks : ADSP - Ariel -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (1665)11/27/1999 6:29:00 AM
From: Paul A  Read Replies (2) | Respond to of 2263
 
well, Im glad you did well on this stock LG.. but again- you seem to label all short sellers as the 'bad guys'..

Aside from your personal opinions of Anthony, which is not my business.. going over all the messages from last week by the shorters- I see no insane claims.. no unwarranted bashing.. matter of fact, the big hype was rehashing of old news releases by the longs to add panic into the mixture come Friday morning..

Unless of course your going to sit there and tell me that this company ISNT financially in trouble, and the product actually DOES have potential to bring them serious revenues? Im all ears and would love for you to enlighten the thread..

As for your sympathy.. Never was looking for it! but I AM pointing the finger at the likes of CNBC, and a few other news wire services who have this entire story screwed up since day one.. They poured gas on a raging fire, and made matters worse. That was irresponsible and doubt if you were in my shoes youd feel any differently..

but the fact is, once again- since we are part of the 'big bad anthony@pacific' group of sheep that it just dosnt matter.. because we are all evil, bashers, trashers, following someone without doing due dili..

Funny how the very reason this thing blew up aside from the media misrepresenting the story was that it was just such an obvious short.. Like your comment about this stock not being worth its valuation.. of COURSE its not.. but whats even funnier is you cant begin to compare it to other tech stocks with high valuations.. its not even in the same class..

Joe K- and his well thought out statements:

' ITS THE ONLY ONE THAT COULD RUN ON WINDOOWS NT AND LINUX SYSTEMS.'

'WITH WORLD WIDE APPROVAL'

'AND SOMETHING TO BE EXCITED ABOUT'



To: HairBall who wrote (1665)11/27/1999 10:11:00 AM
From: Don Pueblo  Read Replies (1) | Respond to of 2263
 
LOL! Good on you! The thing that most people don't take into account on a play like this is that if you are on the wrong side, you are going against somebody that is both smarter than you are and has more money. Day traders run out of money at some point; there is a bottom to the well. That's when the guy with 50 million takes their money.

Sometimes they lock up the stock the day before the play. I didn't check my clearing firm on Friday morning, but I will bet money that they had zero shares to short. Anybody that shorts the stock without having it to borrow is breaking the law, and trust me, the MMs that were long will account for every single share that was shorted and take the money back from anybody that shorted it illegally on Friday.

I've seen it happen, I know what I am talking about.

Nobody can afford to go against a big MM, it does not matter how much money you have, or how many shares you have in the position. There were three MMs playing that short squeeze yesterday. Three guys with very large bankrolls and the smarts to play it right.

They won.

Business is business. I will never go against a big MM. Never.