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Axion International Holdings, Inc. Message Board

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  • mikebert mikebert Jan 22, 1999 7:16 AM Flag

    Well, I bought into ANLT Tuesday.

    Successful shorting doesn't always require that
    there be a fundamental problem with a stock. In fact,
    shorting based on fundamentals (as opposed to technicals)
    is downright dangerous in this market. Look at all
    the short roadkill amongst the internets--until
    recently that is :)

    One can short successfully on a
    purely technical basis having nothing to do with the
    stocks fundamentals. I believe the large short interest
    in ANLT simply reflects the fact that until
    relatively recently the general trend is this stock was
    downward.

    If you look at a chart of ANLT you will see this
    stock moves around a lot. Obviously the company's
    prospects do not change dramatically from week to week.
    Nevertheless the moves happen, and are potentially tradable on
    both the long and short side, although not by me--I
    can't trade for beans :)

 
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