SI
SI
discoversearch

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 : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?


To: stox19 who wrote (6763)7/7/1998 10:37:00 AM
From: TimeToMakeTheInvs  Read Replies (1) | Respond to of 10786
 
Well, I picked up a few shares at 12.5 last week. That guys post on Yahoo predicting $45 per share sounds great. Would not have believed it until Inktomi went up $25 per share YESTERDAY. Good point about being able to take work later than firms doing manual conversion. tim



To: stox19 who wrote (6763)7/7/1998 10:59:00 AM
From: Jeffrey S. Mitchell  Respond to of 10786
 
Yes, it looks like a classic ALYD zoom, but in an atypical way.

Someone PM'd me about how short squeezes work (as I've never really been in the middle of one): The price goes up, say, $1... and a few "mom and pop" investors sell to bring it down 1/8 to 1/4... then we get another $1 rise... and so on. The fewer people that decide to cash in, the more the price stabilizes and the greater the chance that some shorts will decide to cover (buy back the shares they borrowed), which, of course, creates a domino effect as other shorts follow suit.

This happens in waves so it should be quite a show (g).

- Jeff