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.

Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: simarx who wrote (3298)	1/2/1999 1:02:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 4761

Marx, what do you know about stocks, you're a socialist?:" Let me see,,,would someone be called a good investor if they shorted a stock that was anticipating a major release and whose float was so small that it was almost impossible to find stock to short against." Dude, press releases are hardly a reason to "invest" in a stock. Now, while I admit all kinds of 5th tier names like IFLY are jumping on .com related press releases, they have also been crashing to earth in three or less days as the day trading mini mo's shot their wads and move on to the next piece of crap for carps. And geuss what? All kinds of firms are doing it and the whole effect has become extremely diluted.OR have you not noticed that lately? As for "whose float was so small that it was almost impossible to find stock to short against." What you state is in general true. However, as I stated earlier on this thread, the world of MM's has by now tuned into this pig. And guess what? They, for the convenience of their customers, wink wink, can short shares without a borrow. Now if you doubt my view of this situation, look at the history of IBUY. WALDron, the no longer in existence crim firm that was the undertaker in IBUY (another starts with an I and ends with a Y cute symbol moniker-) controlled 90% of the float from the IPO which only 10% was sold through other firms. And then the shorts (that would be moi, et al) sold them another 30%. Yes that's right, WALD controlled 120% ! of the float. And the MM's kept feeding WALD enough stock such that in the end, after many crim moves, IBUY went from $26 to $1 and WALDron is gone. Don't believe me? Read the IBUY thread and put a chart next to you so you can read the dates of the posts. Capeche?