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.

Non-Tech : SATH - Shop At Home -- Ignore unavailable to you. Want to Upgrade?

To: Richard B. Haenisch who wrote (448)	2/7/1999 9:49:00 AM
From: Mr. Miller	Read Replies (1) \| Respond to of 1329

Pretty good assessment Richard. SATH bottomed at the end of October 1998: tscn.com when this latest bull run began. SATH moved more(500%) from Late October to Jan. 28, 1999 than it has in the last 6 trading days($12 to $25). Something must have been known back then. The difference between SATH and all those other companies being mentioned here is that SATH was not a flatline before news creating a spike, that was not sustained. SATH was already trending up quite nicely, and has sustained its most recent spikes, which is very bullish for the next two trading days before the news. Why it was trending up out of the blue is a mystery to me, but it was. My concern is the now. Shorts are always the same. They will slam you and slam you that it is going down, and celebrate when it FINALLY does; after big moves. I do not know how many times I have ridden a stock over a 100% all the while shorts are screaming. They all celebrate when it comes back 20%(usual profit-taking), claiming,"I told you so." By then we all have probably made more than 100%; more return than any short could ever make. I know what they are doing though. They are feeding off the technicals. They see a company move so far away from its 50-day moving average, and their screens light up. How else did A&P find SATH? What they fail to see is the rate at which the 50-day is moving up and the stability we have seen in the latest runup. I have no gripe with the fact that the stock will go down. All stocks have to go down at some time in their lives. They consolidate. What happened to BCST and EBAY is a classic example of what a stock will eventually do. Do you think the longs or shorts won? I think the longs did. These stocks have no limit to the upside. If momentum builds high enough, the stocks could go anywhere. A&P's short of $23 3/4 could be in the red for the rest of its life if the news is good. Why take that chance on this company? Not smart. Clearly, if this is a bubble based on nothing Wednesday, then the stock is at risk Wed. morning. That is all the shorts have right now. We long can speculate about how great it must be with all the hoopla, but noone really knows, including the children over in the yahoo sandbox. Of course, we hope, but I think the pendulum swings our way rather than the shorts in this internet environment that the news is significant enough to at least keep the run going higher. If it is big news, then what? What are the shorts going to do? Why not wait for the big run to short? We are about $14 away from the 50-day moving average. If we spike to $50, we would be almost $40 away from it. That would be a much more logical time to short; that's if shorts haven't gotten the margin call already. In the next two trading days, the momentum will most likely continue. I do not see selling this close to the news. If the market conditions or early speculative news comes out, the buying frenzy could be even more awesome than it has. That is the effect of the internet. With recent moves like BCST had, the thinking is that BIG MOVES could happen to any internet stock. I would rather be long or out, than short. It is clearly a momentum play in anticipation of the news. That is the fact. Even the shorts here admit that it could run. They will be smart to wait and see, and short later. Now is not smart. I look forward to the next few days. Should be very interesting. I have said this before and I will say it again. Chat threads do not influence the overall activity of any stock. Mr. Miller