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Technology Stocks : IMON - Quoted from Barron's Corporate Reports -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (369)1/17/1999 9:28:00 PM
From: GT  Read Replies (2) | Respond to of 2220
 
MomoBear/Anthony - why on earth would you try and short here ? You know as well as I do that no hype job/P&D scheme in the world can generate 23.5 MILLION shares in a day ! When tmex does one of his p&d's, the volume goes up an extra 2 million MAX but thats it.

23.5 MILLION is CLEARLY indicative of something hidden from view - some news leaking perhaps. The volume didn't occur on the day of the last pr - but 4 days later - If you guys slow down for a minute and think only about the volume, I think you'll see what I mean.

I hope your not short here over a three day weekend - anthony knows I'll never do that again after what happened to me on SKYM. Three day holidays after big volume run-ups are major breeding grounds for spreading the word - and you can see that right now. Every thread in cyber space is mentioning IMON right now, or will be by tomorrow night. The buzz on this stock is growing exponentially - so clearly the strategy for the next few days is long - not short.

My own feeling is that if the run up had been on 5 million volume - then it might be shortable towards the end of the week. But 23+ million on Fri plus abnormally high volume all last week smells of a major event to me - and I will remain long. BTW - did you know that the beta version of 6.0 Web Zinger will be released tomorrow night on the co web site ? It would be foolish to assume that there won't be a PR Tuesday to that effect - so watch out.

Lastly I'll leave you with a post from another thread which sums it up nicely...
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most intelligent shorts (myself included since i trade both sides of the market) will appreciate a runup and wait for volume to dry up before taken a short position.....the rest of you ( most of you on this board claiming to have a short position ) no nothing about shorting obviously....no pro's i know would even think of taking a short position in a stock, over a long weekend, especially if the stock has been up 150% with massive volume...most of you are full of it....it is obvious that IMON goes higher from here.
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