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.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (9318)	10/5/1998 10:38:00 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Sergio, Yes sir, I saw the short position at 7% or 8 million shares, with a float of over 50 million I did not feel that was too large, obviously I may have been wrong. Earnings coming out in Oct. have already been lowered from 12 to .11 and brokers rec. have moved away from the buy ratings. You are most likley correct about the short covering, however, as the volume is beginning to slow, I still feel fairly confident that my target will be met. (oooohhh that sounded professional) Okay, I have my fingers crossed. :-) TA as of last night showed overbought so it must really be overbought now. A PE of 24 to 25 is way too high in this market. Not bashing the stock, just reversing those FA lessons that I was taught, and kicking myself for not being long at the right time. Ken