to dump my short position on Monday, and go long,
DBCC, I am hoping to make up the $59,000 I lost
shorting this stock. I should of listen to JAPRINCESS and
TERD, I would have made over a hundred thounsand
dollars, instead I now face a massive margin call next
week. Hope to see it go to 60 after I buy it. GO DBCC.
People believe what they want to believe. Some
idiot said he was Mr. Pink, so now they believe he is.
Someone mentions a possible INF IPO, now there is one.
CBS is for sure going to buy DBCC don't you know.
One fact. Some poor saps are going to buy DBCC at an
outrages price and wonder what happen to this sure thing.
While these con artist and hypesters sleep dreaming of
what they will do with their new found wealth. What
they are not aware of is, they are killing a good
thing. I've been reading articles on shorts losing money
on the internets. Wait till you start reading about
longs and how they lost big buying run away internet
stocks at the top. Everyday a new article is written
about the bubble bursting and a new analyst saying it
is out of hand. This is a high profile stock and if
people get crushed you could be reading that. Don't be
surprised if some fund manager looks at what he/she has
made on this stock in a sort time frame, drops it and
There are some very good people
posting here not involved in cons or hype. I do hope
folks reading this thread for the first time read
carefully what they have to say, it may not be "sexy", but
it is reality. I apologize for wanting to caution
new investors. I have been saying for weeks now,
seeing people lose money gives me no pleasure short or
long. Flame away, I can take it.
I short stocks for a living. I jumped on this
bandwagon at 27 1/2. Not too many. Just 2000 shares.
Watched it trade all day long. Covered at 26. Technical
analysis shows a consolidation at 26 and I expect it
seriously move upward Monday. The momentum is definitely
still building and this one will see 50 by Thursday. I
will short it after the IPO.
I'm sorry you didn't fare so well. If you do go
LONG on DBCC, you should be very careful. Place
trailing stops (ie. if the stock is at 30, place stop at
27. If it moves higher, readjust your stop so you can
still try to capitalize on a big move and not lose much
of your gains).
Trying to SHORT internet
stocks and holding the position overnight is like
standing in front of a runaway train. Very deadly. I made
that mistake myself. Shorting internet stocks is fine
as long as you watch it CAREFULLY during the day and
determine your STOP beforehand should it become necessary.
Whether you're up or down, make sure you cover it by the
end of the day. Holding it overnight won't get you
I entered this stock at 15.25 and 17.25,ending up
selling at 24 .25 when the trend started to change only
to end up buying at 26 and loosing out on 2 points.
This stock is being driven by heavy momentum( which I
didn't wait for getting out shortly after opening) as
evident with over 30 mil being traded. while I do believe
this stock will rise this week, all you who don't
understand the sustantial risk should not be playing this
A good example of this would be WCAP and COOL. WCAP
went from 1 to over 12 in speculation of COOL going to
the moon. (WCAP being the back door owning 1/3 of
COOL) and back to the 2 range within a week. Do not put
all your eggs in one basket on this. For those
thinking it will go to the moon and got in early, take
your initial investment out and let the rest ride. The
downside then is nothing. Do not think a stop will protect
you in a fast moving stock. On the otherhand MKTW has
more attention than any other IPO and has a real
company "CBS" behind it. I'm banking more on the MALL