Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (5999)	10/22/1997 5:48:00 AM
From: R. Bond	Read Replies (1) \| Respond to of 9285

Hi Roger, An issue that causes me some unease about CTXS shorting discussions here is the fact that the shorts base their positions solely on fundamentals while the stock moves without any fundamental considerations at all. While some may say, "That's what makes it a great short!", I don't think that is completely true. Of course I don't have to mention Zitel at 10-14 when it was undoubtedly on the slippery slope to -5. Point being: there is a possibility that one could be waiting a long time for this baby to drop............and have a few rough nights of sleep (not you, Roger) into the bargain. Especially with the ludicrous hype and the ridiculous market. "Any technical signs?", I ask myself. Money flow into CTXS has been increasing during the past 2 weeks. Bullish. OBV and Momentum are up. Bullish. However the Volume Accumulation for yesterday did not measure as huge an amount of positive buying as one may have expected and the volume was not half of the volume from the similar -sized breakout in May. Doesn't really predict the future. Perhaps reality will set in and BINGO. But as long as analysts at major brokerages are pounding the table for $90, I don't see it. Do you have stops set or will you wait it out? For the record, short at average of 73 5/8. Why? The odds slightly favor the probability of a quick drop. Best regards, Bond