March 4, 2004:
mama ain't HOT and you can't short ;-)
For a second I was ecstatic to think I got a short at a very good price onlyto realize the Ameritrade platform doesn't tell you immediately that therearen't shares available to short (unlike datek, scottrade) but keeps theorder pending and then cancels it on its own free will.
Called all my brokers but no one has shares available to short. Seems likethere are just too many people who believe its a POS. That might just be theundoing of all the smart guys ;-)Might just see another short covering but rest assured it will get shortedagain. Since our last email when it was at 14.... its fluctuating between11.7 to 12
ASKJ was a good short this morning and might be at the end of the day if itsaround 27.2 to 27.4, if there is no serious run up until then. It mightfollow the same path as OVTI ...... too many people want in and so won't letthe stock price shoot up. Let it fill the gap between 22 and 27 first.
Earnings improvement is barely any.... 35 to 37 mil. Acquisition is the reason they went up. Might be a good stock in the long run.
Good luck!!
Ahu
