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Technology Stocks : SIEB Siebert Financial Brokerage -- Ignore unavailable to you. Want to Upgrade?

To: rkc who wrote (122)	2/4/1999 2:15:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 284

The short squeeze is a real possibility. But there are limits to how much you can squeeze. I've looked at the charts of all the maniac stocks that I could find. It seems that 10x 200 day moving average is the very most that any bubble can hit and even that is rare and takes time. So SIEB might hit ~80 but it will not stay there. People will move on to try to catch the next wave, SEC will investigate the market makers and the traders. And let's face it, the same small float that caused the jump into hyper space, will cause the supersonic fall as well. Most people know this and at the hint that the music is about to stop will jump ship. Then the trend following day traders will take it from there. Just make sure you have enough money to ride it out. Shorting SIEB is as sure a bet on Wall St. as I can see right now. BTW, did you see the SEC filings about the new shares that have been issued? The float is expanding and many people don't know it. good luck, ST