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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (5884)8/22/2000 5:25:11 PM
From: oldirtybastard  Read Replies (1) | Respond to of 19428
 
they are pushing it hard. good daytraders that are left in this market have alot of money behind them to push up these turds and get out in time.

I think I'll leave it until tomorrow but will look to cover soon before they start in on the olympics hype.

edit - trying to sell a bit more at 10.2, I like this decimal stuff



To: RockyBalboa who wrote (5884)8/22/2000 9:09:02 PM
From: Street Hawk  Respond to of 19428
 
Lots of turd worshipping today.

I doubt that its sustainable. I've scanned through a tremendous quantity of downsloping charts on most of these turds. There are a ton of bagholders in these stocks fighting to get out on any significant bounce. DSLN is a perfect example of this. Their fundamentals are horrible, as they clearly are the worst of the public DSL providers, already with a revenue shortfall even this early in their business cycle. QKKA is another one with a decent # of bagholders, probably not nearly as many as DSLN, but definitely enough. Their business model is a joke.

As far as the market is concerned, I have a feeling that so many people were hurt from the April shakeout, the mania runs will be less intense going forward. People will have to short on the 1st or 2nd day of the turd runs in order to get a decent short price before the momo move is over.