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Technology Stocks : Full Disclosure Trading
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To: Gottfried who wrote (4797)3/17/2003 4:26:21 PM
From: Sam Citron   of 13403
 
OT WEL I was surprised that WEL reacted so strongly to a simple announcement concerning the imminence of hostilities. I think that suddenly people just asked themselves what is the "best play" on a war in Iraq. I always underweighted the bankruptcy risk because this was a ST play and I did not think that lenders would pull the plug on a company whose fortunes could quickly reverse and whose expertise could be desperately needed, but in retrospect I should have had the confidence to accumulate more shares at a 30% discount only an hour after my initial purchase, when the investors were questioning its financial condition. Now that I'm playing with house money on the remaining 1,000 shares, I may trade it a bit on the volatility as hostilities commence, just to see how Ze'ev must feel. <g>
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