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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Stcgg who wrote (47535)12/9/1999 6:57:00 PM
From: Paul A  Read Replies (1) | Respond to of 122087
 
Ditto on that.. I had the same feeling.. I played ESFT yesterday, and was about to cover for break even when it gave a bit and I was able to get a nice profit out of it.. but it just didnt want to give.. and Im not in a position to take a position all the way up to 100 which is probably the only way to really play these.. I think too many people are shorting these 'sure things' and as it jumps a point or two, they cover which makes it move another point, they reshort, cover, reshort..

so ironically I think its the shorts who are driving this madness.. add alot of public stupidity and poof..

in the end, people will get hurt, professional shorters will get ego adjustments.. and ill just watch from the outside.. Shorting LU for 2-3 points lets me sleep at night.. shorting PERL at 20 could be worse than the ADSP disaster..