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To: PartyTime who wrote (45091)5/20/1999 11:10:00 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
The ''short sellers'' are on FLC like flies on you know what....

I wouldn't panic here, but I also wouldn't be jumping on $9 .... FLC can go to $7 1/2 here on heavy shorting and if the fundies trim, or panic ...

gimmie a dip' at $ 7 1/2ish and I would be a buyer again; if it saw $5... in large ! I do NOT think they go under anytime soon, but that won't keep the street from hammering it down... make it worth your while before averaging down, or into FLC here imho. Let the nervous money shake out and let the mo-mo from the shorts finish; the time to buy/trade FLC here is when the shorts start getting nervous after this run - and they are ''just'' starting here imho. Let them run it down to low $8's - $7, then buy in and let the sector uptick - then the shorts panic & cover...popping FLC up once again.

I'd say I'm optimistically-neutral on FLC ....if they make it a freebie ($5-7) I'm in large again; otherwise, I just ride out my small $9/10 stake here, before averaging down... I may trim some more here if it gets real ugly, real fast however.



To: PartyTime who wrote (45091)5/20/1999 11:10:00 AM
From: Think4Yourself  Respond to of 95453
 
Smart money sold FLC 2 days ago (at 10 7/16) when the news hit the wire. Now the "not so informed" are selling and the smart money is buying back. I am also trying to buy. My buy at 9 1/16 has been filling for over 10 minutes. Looks like it won't finish.

Ah, got it filled just before the message editing window closed!