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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?

To: tool dude who wrote (1469)	3/2/1999 9:48:00 PM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 2220

Before you gentlemen get too heated, lets examine some facts of the current situation and see if something can be agreed upon. 1. Everyone must determine where value is or is expected to be. Then they must determine what they will pay for same....or 2. The shorts have every right to counter the bullish position and to offer stock for sale that they borrow. This is good for everyone, as all shorts must cover eventually. 3. In deciding which way to go, look at risk vs reward. On the risk side the stock can go to infinity. True, that a short may cover any time but it is also true and experience by myself years ago on Caesars Palace that you can wake up to a major event that delays opening and find yourself 10 pts under water before you can even know whats going on, the professionals are covering and you have to enter a market order to make sure you are covered and that might be at another 5 points up the ladder. That is the risk and you must decide if that is the best play for the moment against making no more than 9 downside points even if the company went belly up. 4. A short always bets against management. Managenment is not on your side as they are trying to build shareholder value for themselves as well as stockholders. They have their own capital at risk on the long side. Is this the management team a short would want to bet against? (a personal decision) 5. The professionals are always looking for a stock that draws a lot of shorts in the early stages, when the trap is set they always have more money, more knowledge, better connections to management and best of all they have access to shorting information as to how strong the accounts are, can they stand margin calls etc. They can run these stocks thru the roof, just like they did with AMTD and EGRP last month and AMZN the months before. They can do it with safety once they get management on their side, because the management can issue new stock in unlimited amounts if the shorts need to cover at the peak and management gets a great price. Finally put all this in the hat before you decide to play long or short, but welcome one and all, we need the shorts to make it an interesting game....gil