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To: Mad2 who wrote (13066)4/4/1999 12:40:00 AM
From: zurdo  Read Replies (1) | Respond to of 27722
 
Mad2,
<<Such talk of evil short sellers bla bla bla>>
I have never referred to short sellers as "evil"....Foolish , maybe, for shorting prematurely as a group and screwing up the longs to obtain limited profits from their shorting, because they arrest the upward momentum of the stock they hastily short during its climb...I stand firm by my belief that what Anthony is doing is no different from what Tokyo Mex does, except Anthony does the reverse...he shorts...Why is the SEC supposedly investigating only Tokyo Mex???...It is very understandable that these two are bitter rivals....
<<I hope this thing goes into orbit>>
Do you really???...If that is true, you won't be joining an organized short selling campaign started before the stock gets even 2/3 into its upward momentum run!!!!!...If you wait a bit we will all make money...longs and shorts...If you short prematurely you get limited profits, increase your risk of a squeeze, and screw the longs up...
Regards,
Zurdo



To: Mad2 who wrote (13066)4/4/1999 1:37:00 PM
From: d. alexander  Read Replies (2) | Respond to of 27722
 
takes the focus off of what should be discussed and that is when to bail out.

As S.K. mentions in Message 8136571

MALL peaked on Nov. 27th, 6 days before UBID began trading with an intraday high of 63 and a close of 51.25.

Further, on Dec. 7, the day before UBID started trading the DJ headlines reported that shares of MALL had fallen 40% in the last 2 days (to about 23, but they went lower than that- the bottom Dec 11 was 18 1/8!*) as investors apparently short trying to capitalize on an arbitrage opportunity..
This doesn't bear on next week, but for future reference could someone please explain how this (arbitrage play) works as it will probably get played over again with NAVR. Thank you. d.alexander

* BTW it then went back to 60, so where to bail indeed.