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Technology Stocks : Corvis Corporation (CORV) -- Ignore unavailable to you. Want to Upgrade?


To: Keith Monahan who wrote (871)5/17/2001 3:13:52 PM
From: SouthFloridaGuy  Respond to of 2772
 
Speaking of sweet, how is that bloated pig KREM, I mean KKD, doing? Gonna be a great short one day - just not today.

Shorting is a very tough game. Shorts are currently getting killed on KREM. Just two weeks ago, people were telling me on this thread how absurd it was to buy KREM and short CORV. Well, the CORV short made me a little money - since covered, and the KREM made me a lot! Truthfully, shorting CORV is dumb just because of how volatile it can be but not because of any fundamental reason. Fundamentally it's a piece of crap.

Point of the matter is, that until there is a fundamental reason (aside from a high PE) to sell KREM, it could potentially continue to go up and shorting is a blind act of faith.

Such a reason could include, changing tastes of consumers, saturation of the marketplace, or