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To: t36 who wrote (211)11/8/1997 3:20:00 PM
From: Dale BakerRespond to of 118717
 
My target for TSSW will depend on their next quarter's earnings and the sales of their new products. In a case of potential rather than proven value, it's harder to apply a hard and fast rule.

I would hope to see TSSW at $5 - 6 before I sell. Speculative plays are just that, a gamble.

Since it's late here, let me do some research and get back to you later on shorts. In an uncertain market like this, shorting is risky because the momentum can shift so quickly. I spent some time tonight studying my margins closely to see if my account is riding to close to the edge already. I would advise everyone else to do the same if you are long or short on margin. If you want to start some DD right away, look at DDIM in the Y2K field. It looks like ZITL with a legitimate consulting business thrown on top. There is a good thread here on SI.

Good night from Mauritius.



To: t36 who wrote (211)11/9/1997 1:34:00 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
I'm hesitant to recommend that anyone trade based on my "recommendation". I mention when I have made a trade myself, then you can draw your own conclusions.

When I was looking at short candidates Friday afternoon, I screened a lot of stocks. Roger's Short Picks is a good thread for ideas. If I had more margin I might have tried DDIM, IAIC and SYNT, all based on Y2K hype. Jon Tara also mentioned a list of semi-equipment companies there which have had recent runups and could reverse: TER, CMOS and ASYT. Personally I would wait a little while longer and see where the overall market is going, and whether these stocks will follow.

Be careful shorting, keep a close eye on your margins and be ready to ride out a squeeze to hold a position more than a few days.

Last word - after a closer look at YURI, I think it will be a profitable play over the next several weeks. I don't see anything holding it up unless one of the big boys like LU actually starts paying them some real money.

Good luck.