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S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,167.60
(
-0.16%
)
Dow Jones
39,806.77
(
-0.49%
)
Brent Oil
82.69
(
-1.01%
)
Bitcoin
70,958.70
(
-0.69%
)
Post# of 77456
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peng

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peng

Re: AD post# 24666

Friday, 03/09/2007 4:41:58 PM

Friday, March 09, 2007 4:41:58 PM

Post# of 77456
The reason it got this high appears to be the non stop upward pressure (causing shorts to bail out repeadedly) in the first place... I like the option play much more here because of the expense of the stock and the risk of any further short squeeze that will prove temporary... otherwise, this stock only deserves about a 8-13x multiple... 21x for a line of products that a surviving only because of the continued popularity of UGGS... one dangerous play for the longs... a solid play for the shorts from here IMO! Hello $40's by summer!
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