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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (246)4/1/1999 3:06:00 AM
From: JW Steve  Read Replies (1) | Respond to of 835
 
<<Why dicker around trying to get the scraps when there is a huge risk of being squeezed to death? >>

Colin, You don't know Tom very well. He makes a killing doing just that. There are plenty of people who bought in at current levels or will buy at the top and hold on the downside hoping the stock will rebound. From what I've seen, Tom is a master at calling peaks in either direction. You'd be wise to listen. Just because you made money by getting in early, doesn't mean everything is rosy in long land.

I may join Tom because I agree that this thing is ridiculously over valued. It's not a popular opinion. However, more people get hurt by riding a blind wave of feel-good into a grossly over-valued stock then by getting a reality check by a quality guy who just happens to be a short.

jw steve



To: Colin Cody who wrote (246)4/1/1999 9:09:00 AM
From: Ginyan  Respond to of 835
 
Colin, I recognize you from the old days at Prodigy! Glad to see a familiar 'face' in this huge arena, internet.
Virginia



To: Colin Cody who wrote (246)4/1/1999 9:10:00 AM
From: Tom Hua  Read Replies (2) | Respond to of 835
 
Only trouble - is you're GUESSING that $127 was the top. It might hit $150 before reversing and heading toward $110.

Colin, I never said 127 was the top. It's rare that I'm able to initiate a short position at the top. You may not believe this, but after taking an initial short position in any stock, I root for the stock to go up. You and I will both be happy to see a gap up at the open.

Regards,

Tom