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Euronet Worldwide, Inc. Message Board

  • napavalleycompany napavalleycompany Sep 6, 2001 9:49 PM Flag

    What Happened!!!

    Since SW69 is not around where is all of the interesting dialog? OGTFEE, MEFAM4 looks like
    sw69 may be right his short sell call in august
    was with a dime of my price. With EEFT down .89cents during trading today someone must be making money. Where are all the smart guys now. I am kicking my self and do not believe this is a dip buying opportunity
    I will hold on to my short. Who in the world would think that this. Thought short interest
    has decreased the days to cover is narrowing as well. There were some good posts here.
    STOCKWATCH WHERE ARE U!!!

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    • Oh napavalleycompany (NVC), it should be obvious what happened to SW69- He was wrong, lost money and he went away. His last post was on Aug. 8th and he called for shorting the stock. The stock closed that day at $10.70, even with the pull back today he has lost about 20% on his money in one month (even more if he did it on margin). But that was not his first short call, instead it was last failed attempt to piss in the wind. His original negative post, presumably when he began shorting the stock, was on 6/30 and the stock closed on 6/29 (a Friday) at $8.96- which is over a 40% loss of his hard earned CD Retirement fund. He probably had to take his trusty Tandy computer to the pawn shop to help pay off his margin call. (For any of you that live in Kansas City, I am putting money that the dead guy they found in Leawood last week- the virtual homeless guy with the bad toupee, was SW69).

      But on to a few other random thoughts for NVC. You said "OGTFEE, MEFAM4 looks like SW69 may be right his short sell call in august was with a dime of my price." I am assuming from this grammatically exciting sentence that you are saying that you also called for the short sell then (at $10.70 +/- $0.10) on 8-8 and are happy about that investment decision (the 20%+ loss of your money).

      Or was your short sell call on 7/29 when you wrote "I feel one thing that has not been addressed is that, If it took 6 months to go to 11, it may be logical that it would decrease half that in half the time increasing a return double to what it delivered on a short. No doubt Stockwatch has shorted this and embraces the idea of a rare mathematician/economist named Fibanachi whom laid out these theories. Eroding off a 52 week high with high volume means that some people believe this can go nowhere else. A million share volume day only is relevant if they hold long, but likely some of those shares went short." If I read this right (which is a big challenge) you said that the stock would "decrease half that in half the time increasing a return double to what it delivered on a short" meaning that it would go down to $7.5 (4 to 11 is 7; 7/2 is 3.5; 11 - 3.5 = 7.5) by 10/29.

      If you are waiting on $7.5 by 10/29, I hope that you have a good job to make up for your stock trading losses.

      One last point. You often end your posts with "Drink wine it is good for you", wine may be good for you- it is not very good for your sentence structure. (What does this mean? "I will hold on to my short. Who in the world would think that this. Thought short interest has decreased the days to cover is narrowing as well. There were some good posts here.")

 
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