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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (112814)	8/30/2000 1:34:59 AM
From: nokomis	Read Replies (2) \| Respond to of 120523

hi lee ..just about ready for bed ...have you ever followed CONV or STRM bigcharts.com May not be quite ready, but worth taking a peek at throughout the day ... nite nite - before I fall over...man what a day...so much to read I'm practicaly blinded!

To: lee kramer who wrote (112814)	8/30/2000 1:55:31 AM
From: Susan G	Read Replies (3) \| Respond to of 120523

The Floating Donut By James J. Cramer Originally posted at 4:46 PM ET 8/28/00 on RealMoney.com How does it happen that Krispy Kreme (KREM:Nasdaq - news) can go up every day? How does it happen that it can go up by leaps and bounds? Pretty simple. So many people are betting against Krispy Kreme that it can't go down unless things plummet drastically. Just so we get this straight, I was thinking, "Wow, this thing is incredibly overvalued and is probably due for a fall. Maybe we should short a little of this one." But before you can short a stock you need a locate. We called Goldman Sachs, where my account is kept, and asked if it could be borrowed. "Absolutely not" was the answer. Not a chance. And that explains why this stock can keep going higher. It goes higher because it can't be borrowed and yet many people shorted the stock, betting it had to fall. When it didn't, new buyers came in and took it up. When they went to get their stock, the stock turned out to be lent to short-sellers. Now these buyers want their stock. They have call on the stock. The shorters are having their borrowed shares called away from them. And they have to buy. They have to cover. Because they can't stay short without the stock in hand. So it goes up and up and up and up. Until? Until who knows.