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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (1067)12/3/1998 9:05:00 PM
From: Paul A  Respond to of 1634
 
heh.. sorry! I am still looking for a violent rally on these internets one last time.. MY thinking is there is now the opposite taking place from what has happened over the last 2 weeks.. Now shorts are everywhere, and doing exactly what the longs did- hold overnight, keep holding, put in the stops, and watch and laugh.. but one thing a trader ages ago taught me was when there is too many people on one side of the boat the boat will tip.. REal simple, but it has been the best advice for making money trading that anyone has ever given me..

It worked on KTEL over the last 3 weeks and that was pretty funny to say the least given their grim situation.. I think a lot of shorts are sitting on MALL, and after todays market conditions their praying the IPO gets delayed or fails.. The time to short will be after or if we take a run back into the mid 40s in my honest opinion, but what the hell do I know? christ- look at the Yahoo threads- its about 80% shorts!

good luck tomorow folks!



To: Tom Hua who wrote (1067)12/3/1998 9:05:00 PM
From: TERRY MURPHY  Read Replies (2) | Respond to of 1634
 
I will once again reiterate that MALL is going to $15-20. Why? if you looked today, MALL's trading activity was highly correlated w/ that of TicketmasterCitysearch. That IPO fizzled from its market open. Moreover, TGLO is now in the $30s so the argument that UBID should open at $90 a la the Globe.com is no longer valid. Moreover, w/ ONSL on its way back to $15-20 also, the comparative valuations no longer favor a price in the realm that any of the hypsters on this board tried to convey. I remember reading a post last week from someone who said ONSL had no downside risk at $100. The internet stocks are tanking, the money is rotating into semis. hasn't anyone figured this out yet?....Terry