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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (9515)6/19/2001 5:00:07 PM
From: Fundamentls  Respond to of 52237
 
Re: KKD

There will be one hell of a short squeeze before this thing unwind.

Ummm, you mean like the one that's been going on for about 14 months now? Arguably, KKD was fairly valued at its IPO price of $21 ($5.25 split adjusted) but it's been squeezing almost daily ever since. It's high yesterday was more than 8 times the IPO price.

Reminds me of tulipmania, about as rational ... but shorts will have their day with KKD, and I suspect soon. Yesterday might even be the last of the short squeezes. I am short from 42.70 with a lock-profit stop in place so either way I win.