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Technology Stocks : CustomTracks Corporation (CUST)
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To: J.Y. Wang who wrote (1957)8/10/1999 8:42:00 AM
From: Brad Davies   of 2514
 
J.Y.

My experience, based on many expensive tuition fees, is that you have to have the courage of your convictions and patience when shorting POS stocks. Timing is very important, but you can never be certain you have picked a break point. You have to create a decision rule in your mind when you enter a position that you will cover if it hits a certain point, and hopefully have the opportunity to reenter at a higher level. (Unfortunately, I didn't follow my own advice on AMZN last year). Similarly, when you are fortunate enough to have a short position in a falling stock, I think the prudent thing to do is to let your profits run (ie do not cover until it reverses to the upside by some significant amount).

Cust broke significantly yesterday. I increased my short at 34. I will cover if it breaks back to 39. Otherwise I will ride it all the way down to the low teens.

Of course, these are just my opinions, but they have been learned through many years of shorting garbage like CUST.

Good Luck

Brad
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