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To: Tom Klempay who wrote (7988)10/30/1998 9:04:00 AM
From: Manly  Read Replies (1) | Respond to of 9343
 
It's at 26 plus some change. We were fortunate enough to short 800 at $32 5/8 yesterday. We also shorted LCOS and EBAY. Anyone who knows how these stocks react in past history should know to sell on the news. This is the first time we were lucky enough to get our shorts in - very surprised that it closed so strong. Hoping the rest of the players follow suit today. We will definitely buy back in the low 20's - high teens.

People have gotten too emotional with their stocks and need to use a little common sense. When a stock runs up so quickly - most envision AOL and that it will never end. I'm just grateful we caught the ride this time. Got off work early to get in on it. I have no idea where it will fall today - your guess is as good as mine. This is where more shorts will buy and people will panick and sell.

Good luck today!
Glenn



To: Tom Klempay who wrote (7988)10/30/1998 9:13:00 AM
From: terri acey  Respond to of 9343
 
CNBC just reported street dissapointed in quarter earnings.instanet trading at 26 this morning..expect a turbulent ride today it will definitely be on the downside...