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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (75323)	11/27/1999 11:15:00 PM
From: Alan Smithee	Respond to of 90042

Makes sense, but where do these story stocks come from??? I popped over to the Raging Bull site only to learn from their front page that ADSP was a second-tier networking company and the hot topic of the day was whether or not it would become the dominant second-tier player! A company that repackages 56k dial-up gear is in the same league as CS and NN? That would make ADSP an "Anthony@Pacific type short." He's been pretty successful shorting substandard stocks that have run up on momentum alone. As I understand how he trades, Anthony frequently doesn't take a full position initially, but legs into a short. And I suspect he's got the margin to withstand a big run up before the ultimate collapse. A lot of others on these threads don't have that kind of money to play with, and shorting story stocks can be a good way to deplete the trading cash.