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To: Mark Marcellus who wrote (1197)9/10/1998 1:06:00 AM
From: Pluvia  Read Replies (2) | Respond to of 3175
 
Mark,

I am short, and like the trading pattern I see in the stock. Specifically it appears to have topped today with a reversal.

The lower tops and lower bottoms also bode well for a short here. While the company does appear to be well run, it trades at a high PE and provides service in several markets which have been hit hard by the asian flu, and several others that could get hit hard by a world recession brought about by a combination of the Russian banking crisis, the S. America problems, and the Asian banking crisis/recession.

To ignore this combination of facts is ignorance in my opinion. Pretending like Europeans will value keeping their cell phone over losing their car is also rather silly IMO, but typical of longs who would rather cling to hope/greed rather than face reality.

It is my opinion that to sell here is an excellent trading idea with a re-purchase in the 51-54 price range which we will likely see within 10 trading days.

If you do check my history you will see I shorted SRCM just recently at 30 (now under 8), rec'd shorting PLSIA at 12ish (halted <at 4ish> for the last 90+ days), rec'd shorting TLTK at 8ish, (now delisted trading for pennies), rec'd selling AKSEF at 5+, (around $1) and rec'd selling SYCR at 4ish now pennies.

My portfolio is up over 200% in the last 90 days... How has your portfolio performed this year?

Cheers - and good luck investing - Steve



To: Mark Marcellus who wrote (1197)9/10/1998 8:21:00 AM
From: David Wiggins  Respond to of 3175
 
Mark, I agree with your sentiments, however, in my mind, there is a BIG difference between the weight I would give comments from a short-seller advising to sell, and an investor advising to sell. Of course, the opposite is also true. I respect shorts and longs alike, and hope we all make money without doing it at someone else's expense. I DO respect Pluvia for his candid, open comments (thanks). You won't get any more debate from me on this issue. It is a waste of time, and time will tell....

Regards, Dave