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Very true. YHOO and AMZN have already had their short squeezes. I did hear
that some of the "newer" issues such as Ebay and Broadcom had large short
positions getting covered.
Bruce
-----Original Message-----
From: bobskc@xxxxxxxxxxxx <bobskc@xxxxxxxxxxxx>
>Not in YHOO and AMZN, very small short positions in those and in AOL so
>mostly legitimate buying.
>
>Bob
>
>At 07:05 PM 11/10/98 -0500, BruceB wrote:
>>A lot of these "zany" moves can be explained with two words- short
covering.
>>
>>Bruce
>>
>>
>>
>>>don't you remember the aerospace stocks of the 50's and 60's. Even a
ladder
>>>company changed its name to Space Technologies and it ran from .35 to $75
>>before
>>>it collapsed. This could be worse, more money chasing these little
puppies.
>>Ira
>>>
>>>Mosonny@xxxxxxx wrote:
>>>
>>>> What do you all think about these zany 'Net stocks, e.g. Yahoo, Amazon
>>etc.
>>>> Prices have gone through the roof, especially for Yahoo. Ridiculously
>>>> overvalued and a mania, or is there something else there that I don't
>>get?
>>>>
>>>> Obviously tough to get in front of the onrushing train, to put on
shorts,
>>but
>>>> it just seems these are incredibly overvalued. Anyone have any ideas
on
>>this?
>>>>
>>>> Maurice Sonnenwirth
>>>
>>>
>>>
>>
>>
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