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Non-Tech : Ameritrade -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (434)	1/30/1999 1:54:00 AM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 513

These insiders werent born yesterday and they know fully well that their company although moving in the right direction is not worth anywhere near 80 bucks. This is a price that was achieved by squeezing the hell out of the short positions and it worked very well, however when the stock is split in Feb there will be twice as much available and it will be more difficult to put on a squeeze. I am short about four hund. shares and underwater for now, however, I can handle it and will wait it out. What insiders usually do is have a sponsoring underwriter presell or (short) into this kind of strength knowing that the insiders will deliver the stock when needed... This could get a max price for the insiders and also put the underwriters in a good profit position. As far as shorting these stocks, it is a very trying enterprise and the risk reward is very questionable. If you dont have the stomach for a squeese ( or the money) just be content to buy a put or two. I do get a kick out of playing any position properly but sometimes I get my (#@) in a wringer but have managed to keep playing for 30 years. If you want another butterfly to watch, keep an eye on TSCN. They ran to 19+ and have been consolidating for a couple of weeks , their chart looks just like Etrade and Ameritrade did before the blowoff. They also sold 10per cent of the company to CNBC (GE) and with that kind of partner, how can they miss....gil