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To: Warner Buffett who wrote (416)3/15/1999 9:31:00 PM
From: Lance  Respond to of 1197
 
You are correct, you can't predict when a news release will come out. I'm taking the chance that no more news releases will come out in the near future. Like I said earlier, I am short at 19 3/16 and happy. I know it'll be tough to short this stock tomorrow....that's why I'm in early! There is plenty of downside here & we all know it! You are an absolute fool if you think a stock can go from 4 to 22 in less than a month and hold the gain!

I will cover my short position in the 8's! You and everyone on this thread will be notified in the near future when I cover. This stock will go down just as fiercly as it went upward. I must admit, I wish I was long in the 4-10 area....oh well. Time to make money on the downward swing...

Race



To: Warner Buffett who wrote (416)3/15/1999 9:39:00 PM
From: Tom Hua  Respond to of 1197
 
You can't predict when another news announcement like today's will
come.


Warner, If EFAX crashes in the next two days, future news will have much less of the effect you see today. SKYM is a prime example. No amount of "good" news can move the stock for more than a day.

Regards,

Tom