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Technology Stocks : INTERNET MANIA! Day Trading Net Stocks -- Ignore unavailable to you. Want to Upgrade?


To: wiley murray who wrote (71)11/28/1998 7:24:00 PM
From: put2rich  Read Replies (1) | Respond to of 1054
 
Wiley,
Actually I am quite busy recently and not financially strong, I am not short any internet yet (was short and out internets 3 mos. ago, you can look into shorting brcm lamr but small first to test water) nor my new option account activates yet. But Michael Burke/Roger Babb are right that the mania might continue longer until the gravity wins and all of them fall together. I missed buying ONSL 2 weeks ago(put some thought 2 weeks ago and at 20+ was definitely a safe long) so I am sad now.
I think of shorting ONSL EGGS ... after they are weakened and after the price is more ridiculous to be a long term short, I think they are those of the first to fall.
For long I think of CD where the madness of 'dot com' is just spreading to it ...but please do your own research. However at 18+ CD has less to fall than others (strong support is 13+ or more)...Just my humble opinion.