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To: Zeev Hed who wrote (8204)12/28/2000 9:44:34 PM
From: Walkingshadow  Read Replies (1) | Respond to of 13572
 
Thanks, Zeev.

This is another example of why I don't think too much of lockups. The release from lockup last year in JNPR didn't cause a flinch. In fact, quite the contrary, JNPR immediately started on a tear, nearly tripling in the next two months:

stockcharts.com[L,A]DBCLNYMY[DE][PB25!B50!B100!B200!B10!F][VC60][IUC20!LB14!LF!LG!UA12,26,9!LJ[$SPX]]

This sort of thing has been seen before, of course.

The take-home message, I think, is that lockups should never be used as the primary or even secondary basis for taking a short position. It might add something, but not much, and is most often either not worth considering, or downright misleading, particularly for a stock with a big float, a ton of interest, that is "in play."

JMVHO...........YMMV

WS