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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: wgh613 who wrote (4148)7/17/2001 8:11:27 PM
From: Michail Shadkin   of 6873
 
Wgh613 - Re: MLNM

Your conclusions are correct with 1 flaw.
If the share total was the same now as it was 1 year ago, then the estimate would of been lower by 3 cents (at -.20) and they still would of beat by about the same margin.

This company is highly overvalued in my view.

That said, I shorted this stock into earnings for a very short term trade.

If MLNM goes against me tomorrow, they will be toast immediately.
On very short term earnings plays I never look for excuses to hold a stock longer than planned if it goes against me.

Best policy on these kind of trades is take the small loss, move on and never look back.

Michail
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