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  • berockedagain berockedagain May 20, 1999 12:35 AM Flag

    Do Not Short PCLN - very risky

    The Amazing saga of PCLN continues...there is
    alot of short interest in PCLN. Yesterday there were
    certian MM's who were Putting in fake bids for 6000-10000
    shares then pulling out last second. It was designed to
    drive shorts into buying frenzy...all this while NASDQ
    was rising. So now PCLN is worth 25 Billion dollars,
    As much as the 3 largest US airlines-Wow ! Now
    Morgan Stanley Dean Witter want's out, will begin
    selling 3/4 of a
    million shares starting friday. This
    is an early Lock-up release for IPO shareholders(See
    YAHOO Finance News details) Thats 8% addion to the
    float. I clicked off a short at 144 today, looking to
    cover at 135 tomorrow...But thats reason PCLN has
    jumped up, Short Covering & MM's pumping the stock
    up.... This news should have effect on tomorrows price
    and don't be fooled.

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PCLN
1,172.04-18.51(-1.55%)May 29 4:00 PMEDT