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To: Deeber who wrote (634)4/21/1998 9:43:00 PM
From: Kimberly Lee  Respond to of 1019
 
In their feature presentation, Briefing.com was badmouthing MARG on Monday too, calling the news 6 month old news, but that didn't prevent MARG from gapping up 100%+ at the open and from gaining 200%+ today. In this market, momentum, perceptions, and bullish psychology count far more than anything else, at least as far as short-termed trading is concerned.



To: Deeber who wrote (634)4/21/1998 9:50:00 PM
From: Matthew Cooper  Read Replies (2) | Respond to of 1019
 
I think you misunderstood. I shorted at 9 at the end of the day. I am not trying to make you think badly of SEVL, I am just asking questions. People keep saying I am nay-saying or "bashing" SEVL, but, once again, all I did was post the fundamentals. This should tell you something. I backed up my opinions with facts, now I want someone else to take the opposite view and convince me to cover my short.

I think anyone who was short SEVL before today was forced to cover (thus pushing the stock price up even further). As of yesterday 331,189 shares were short... that's a short ratio of 3!!! All of those had to cover or bite the big one.

I will not be scared shitless if it gaps up tomorrow at open. It has to go to above 50 before it earases my gains form today. I think I would be able to cover before it got there. ;)