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.

Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (1473)	7/2/2000 1:12:56 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 4155

Longs, Fearmongering Aggressive Shorts, Gullible Pile On Shorts. And gullible pile on short term longs. <gg> Nice analysis going today by you and Tunica. I read through the Traders J thread for CNC. Explains why Softie hated the shorts so much. took guts to but in after losing 20% earlier. Jack

To: BWAC who wrote (1473)	7/2/2000 4:56:11 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 4155

BWAC, interesting viewpoint:"Longs,Fearmongering Aggressive Shorts ,Gullible Pile On Shorts." I am always interesed: Who, really , are these shorts? Reason I am asking is that sometimes, Institutions themselves will act as shorts and sell the stock down in order to force a change in management that they don't like. If that is the case then we ought to see a rapid covering of all shorts because Institutions do know who Gary Wendt is. Thw whole short position will be covered in the next 2 weeks. On the other hand if you are correct and a bigger portion or most of the shorts are Fearmongering Aggressive Shorts ,Gullible Pile On Shorts." then we are in for some very exciting times. These folks may have no idea who Gary is and what they are up against. When Gary comes out with his plans amd stock goes over $10 and Institutions pile on, we may see one of the biggest short-burning-pyre of the last 52 weeks in the NYSE . Possibly something rivaling the rambus squeeze. Either way,I am a man of modest aspirations: I'll be happy with a 100 to 150% return over 30 days, :-0 back later TA Message #1473 from BWAC at Jul 2, 2000 1:43 PM <As you can see, these 57 mill shorts started forming in March, when the stock was 12> Looks to me like at LEAST 30 Million of those formed under or around $8, as the shares shorted increased from 27 Million in early April to 57 Million current. Stock fell from $12 to 8 the first week of April. So those 30 Million are now 25% or so under water, unless they have successfully traded the spikes and dips of which there have been few. Not to mention the huge competition for shares, while the stock was parked at certain prices along the way and traded in a 1/16th spread ALL day long. Hard to daytrade that, when you get in line behind 400,000 shares to buy and 400,000 to sell 1/16th apart with no movement. I think if you could see the entire story, and all the pieces of the puzzle were revealed, it would shake out somewhere along these lines: 3 types of players. Longs, Fearmongering Aggressive Shorts, Gullible Pile On Shorts. The Longs got taken for a beating by the Fearmongering Aggressive Shorts with the ride from 14 to 5. The Fearmongering Aggressive Shorts exceeded beyond their wildest expectations, covered behind the scenes and are now Longs in disquise with profits to spare. Their short position being replaced/pawned off on the Gullible Pile On Shorts who are now at the point of severe trouble. Big Winners: Fearmongering Aggressive Shorts. Big Losers: Gullible Pile On Shorts. Long Term Winners: The Longs who bought at appropriate prices. All in all, I see this as a sad commentary on the morals of some people, the greed of others, the throw caution to the wind gambling atmosphere of this market, the lack of attention to the most basic valuation models, and first and foremost the gullibility of the herd. The next working model of this example will be witnessed in the 40% shorted AMTD, and 30% shorted EGRP, some of the dsl access providers like RTHM, and a few select top tier internet stocks.