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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (5037)	4/6/1999 12:15:00 AM
From: Rande Is	Respond to of 57584

Yes, of course. I am merely trying to warn you of the dangers of trying to short a stock with a small float. When SIEB left single digits for 15, shorts were falling over themselves for shares. A few unlucky ones found them. They were sweating bullets when it hit 70. And it has never seen the down side of 21 since. So I am saying that a mediocre company that rises quickly makes a great short. But one that has such a tiny float that it dries up with just a few thousand shares traded like I saw it do today at 5.50, is another story completely. I am only saying this so that you understand that SELB is a risky play for shorts until it calms down on its own. If you notice, not many shorts are playing SIEB either. Too easy for longs to squeeze. Of course, play as you will. . .and either way, best wishes to you. Rande Is