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


To: Anthony@Pacific who wrote (748)2/9/1999 10:45:00 AM
From: Richard B. Haenisch  Read Replies (2) | Respond to of 1329
 
HELLO EVERYONE!

With the overall e-commerce market getting crushed today, I decided to short 10,000 shares of SATH at $28, joining Anthony and his gang.

I think that the percentages are with a decline in share price upon tomorrows announcement, UNLESS IT IS BUYOUT which I doubt.

I tend to start shorting momentum stocks, once it appears the momentum is gone, right now I see the MM holding this stock rather than continuing to build momentum.

I believe from here there is more downside than upside, so let's see what unfolds.

Good luck to everyone concerned!

Rico