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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: steve host who wrote (590)	6/6/1999 10:54:00 AM
From: Rajiv	Respond to of 2514

Steve, IMHO buying CUST put options at this point is too risky. The premiums are too high. I am confident that over a period of time, CUST will trade at significantly lower levels (< $15). However this can easily be after the puts expire worthless. I have covered my CUST trading position on Friday. I am still holding on to my core short position (which I plan on keeping for the next few months). If you are looking for an entry point, it might be better to wait for a while. There is a possibility that (if the Nasdaq cooperates) CUST will run up a bit leading to the launch of its demo site (tentatively scheduled for end of June). IMHO the best time to short stocks like CUST is when the hype is the strongest. IMO CUST has all the ingredients for an interesting stock to follow (even if you don't have a long/short position). Re: UIHIA - I got stopped out of UIHIA immediately after the UPCOY IPO. I did not re-enter. I still follow both UIHIA/UPCOY. The cable industry is starting to get a lot of attention. And this might be the beginning of a hot sector for the next decade. Regards. Rajiv