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Technology Stocks : MicroStrategy Inc. (MSTR) -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (583)	6/9/2000 3:17:00 PM
From: Danny	Respond to of 717

LT, I agree it's risky to buy into a long position now, but I also think it's risky to short into the giantic rally. So, if u want to play, play with the options. Or you should have bought it when it was in 20 and 30s... <g>

To: LTK007 who wrote (583)	6/9/2000 4:23:00 PM
From: Toby Zidle	Read Replies (2) \| Respond to of 717

"we have a wild manipulation here ... this is just a daytraders momo short squeeze" So the move from $18 to $60 in nine session is nothing more than an MM conspiracy? Just a daytrader short squeeze? 62 MILLION shares have traded since Tuesday. In April, per Yahoo, there were fewer than 1,000,000 shares short. The entire float is only 29 million shares. A short squeeze has precious little to do with this move, unless the shorts are grabbing on to a skyrocket (the inverse of a 'falling knife'?) and finding their loss tolerance exceeded within half an hour. Once burned, I doubt they short quickly again. Yea, this move has to be daytrader-inspired. But they obviously are trading the long -- not short -- side. "i only worry for people who actually would be buying now as a LONG(buy and hold)" I too would worry about profit-taking ending this rally. But the Longs hardly need your sympathy. They have 100-200% profits if they came in just a few days back. The Shorts, on the other hand, have got to be jumping off the ledges. Not ONE single Short is in a profit position unless he's been short for two months (and let all that profit escape with greedy expectations of MSTR's demise to penny stock status). Don't waste your worry on the Longs. The Shorts are far more deserving of that. And I refuse to waste any of my worry or sympathy on the Shorts, who have done far more than their rightful share of bad-mouthing this company and glorying over the financial downfalls of those of us who believed MSTR was worth more than those 'single digits' the Shorts have targeted. As for the MM manipulation, 26 MILLION shares traded today. At an average trade of at least $50/share, this was more than a $1.3 BILLION day. If you can ascribe all this to MM's "wild manipulation", I feel tremendously comforted by your naivety. Maybe I won't take profit on Monday after all.