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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: John Lacelle who wrote (1923)	6/9/2001 4:32:50 PM
From: Michail Shadkin	Respond to of 6873

John Lacelle - my thoughts on GOTO We all already know all about GOTO fundamentals and we can all agree that it is a considerable POS. That said, I covered my short for a nice profit on thursday, after I noticed what looked to be some unusual strength relative to the market early in the day. I think it might be wise to wait on the sidelines for shorts until the secondary is priced. Once the secondary is priced or a major spike occurs, I will take a short position then. It would make perfect sense to me to see the underwriters (First Boston, Salomon, Pirer Jeffries) to do whatever they can to hold the price up until the pricing occurs. I think there is a strong possibility that GOTO could easy retest the 52 week high of 28.28 or even go higher. I think patience is in order here. Perfect example of this concept is SKIL, which announced a secondary 10 days ago. Never get married to stocks and look at all the possibilities. traderpulse.com Michail