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Technology Stocks : Peapod (PPOD) -- Ignore unavailable to you. Want to Upgrade?


To: brad greene who wrote (724)3/3/1999 1:04:00 PM
From: zuma_rk  Respond to of 1170
 
Hey, Brad --

Appreciate the opinion from the other side of the fence, as always.
Unfortunately, I don't have much time today to post, but did want to mention that I bought some IDX awhile ago (before I discovered SI -- I think the stock was in the $5 or $6 range). Since then, I have hung in there and followed all the informative posts on the IDX thread on SI, and have been waiting for the Identicator deal to close before deciding my next step -- so I wanted to thank you and the other folks for taking the time to post all the informative insight.

Regarding shorting in general -- it's a tough game to play, but there's definitely money to be made. It's just that with PPOD, your upside is capped at $3,400, and the downside could be huge if your limits fail to trigger properly.

Also, I don't buy into the "Short Script" thing, in that folks think that this board (or especially Yahoo) "matters" that much in the big picture. It's naive of "hyperpumper" and all his aliases to think that he can really create some sort of mass hysteria -- seems like an awful lot of work in an effort to try to mold folks' short-term view of a stock just so you can make a couple thousand bucks. In the grand scheme of things, I guess it's just a short-term vs. long-term debate, and I believe with PPOD (as well as IDX), the longer-term trend will be up.

Doesn't have to be WAY up (although I wouldn't complain), just up in general.

Anyway, gotta run --

RK

P.S. - IMHO, although there are many valid reasons to short any stock, I wouldn't put too much weight on the cold call you got. You may disagree with me, but I think that PPOD management probably has better things to do than to solicit some schlock boiler room shop to pump the stock. It's probably out of their control.