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Identive Group Inc. Message Board

  • Schwede2 Schwede2 Mar 3, 1998 3:33 AM Flag

    Interesting Info for all Shorts:

    Please see www.wallstreet-online.de
    Unfortunately it is in German, but they have a chapter called "hot stocks to watch". On March 2nd thex recommended to short SCM, but it still went up. Now they strongly recommend to short SCM, since it rose to $61. They expect it to drop to around $50 and consolidate there.

    Though that might be of interest to some people.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The shorts on this board appear to have initiated their positions in the high $20s. Consolidation at $50 might give them a chance to cut their losses. If I were a holder I would be tempted to sell options to protect my gains, which at this point are over 100% for those who bought SCMM at the time the Bulls started trying to talk it down, but NO WAY would I expose my financial security to the risk of unlimited loss.

 
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