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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Cosmo Daisey who wrote (13166)8/27/1998 1:50:00 AM
From: chester lee  Read Replies (1) | Respond to of 18691
 
Cosmo,

that was the best theory I've heard all day.

My guess to the price action is a combination of all of the following:
1. Your idea about H&Q preparing the street with the planned sales.

2. Barb's theory of an orchestrated short squeeze. There is got to be a few people covering.

3. The addition of CYCH to the ISDEX is causing some mirror index funds to do some buying. fnews.yahoo.com

4. The CEO's optimistic words about future profitability.
biz.yahoo.com
biz.yahoo.com

5. MoMo players are jumping in.
Subject 6677 (26 posts today, and talk of buying cheap call options.)
There is probably some talk on the Yahoo thread, but sorry I don't read that crap.

FWIW, I jumped in and got 600 shares short at 10-7 teenies a few minutes before the close. Let's see what tomorrow brings.

chester



To: Cosmo Daisey who wrote (13166)8/27/1998 11:44:00 AM
From: Roger A. Babb  Read Replies (2) | Respond to of 18691
 
Daisey, thanks for the CYCH info. I am shorting it. Market is a bit on the weak side today!