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Technology Stocks : ACLY- ACCELR8. Year 2000 Stock -- Ignore unavailable to you. Want to Upgrade?

To: 45bday who wrote (1108)	2/19/1998 2:53:00 PM
From: Andrew Abrams	Read Replies (1) \| Respond to of 1518

This is not an unusual position in small stocks, especially those with a 'concept' (Y2K) behind them. But the real question is, "Why should anyone blink"? The fundementals will make the decision for everyone, and anyone, on either side, who lets emotion make the decision deserves to lose. Good luck. AA

To: 45bday who wrote (1108)	2/19/1998 10:36:00 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 1518

solution, most shorts are experienced and well capitalized investors ... or like to think they are <g>! Contrary to popular opinion, most professional short sellers do NOT trade the stock. They have a long term horizon (at least a couple of years) and just wait for their return. Patience is the mother of profits! The short thinking goes like this: I would only cover my position if the fundamentals of the Company changed significantly. IMO, the DEC deal was a given ... now what? The market cap is over $200M for a Company where the CEO has stated he hopes to do $45M in revenues next year (if everything goes well). The Company has also stated (in SEC filings) that they expect their business to drop off dramatically after Y2K. Also, the high margin tool sales will decrease after Y2K. Two Hundred Million dollars for a small consulting Company? I don't think so! The long thinking (at this price) baffles me. IMO, the longs are hoping that other investors will be attracted to ACLY because of the Company's fast growth. (I don't doubt that ACLY will show significant quarter to quarter increases in revenue.) This is a classic example of the "greater fool" investing theory ... also TA and momentum. To be fair, this is not investing, but a trading strategy. And I don't trade. Who will blink? Not me. I can't speak for anyone else. Regards, Bill