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.

Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Russian Bear who wrote (14568)	3/12/1998 9:34:00 AM
From: satchmo	Read Replies (1) \| Respond to of 18263

it is wrong to believe short interest indicates that a stock will move higher -- however, sometimes even the shorts, who do better work than the longs in general, will be wrong for reasons that may be obvious or not so clear. for example, waste management was an obvious fundamental short. the company admitted recently that it made virtually no money whatsoever since it went public, only fooling the typical analyst, etc. by overreporting "income" and pissing away any funds the street gave it. however, a gentlemen with a valuable (to whom?) currency just "bought" the company, and any fundamental short just got toasted. the hardest thing to factor into an investment position is the overriding stupidity of the average clown and also of the world in general. on the street money talks, even if it ain't money (in the short term at least -- which is when we pay our bills)