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Technology Stocks : CustomTracks Corporation (CUST)
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To: bob yahnke who wrote (1215)6/30/1999 9:28:00 PM
From: Tom Hua  Read Replies (2) of 2514
 
Bob, I would wait for the top if I knew where the top might be. When I go long, seldom could I pick the bottom. On the blowoff day last month, I shorted CUST 5 times from 69 to 88, with an average of high 70s. Frankly I didn't know if that was the top either. Six months from now, there's little doubt in my mind that CUST will be in single digits, any prices you sell now will look awfully nice. That doesn't mean I'm holding all my shares for single digits, but I'll most definitely hold my core short position until then. And when I finally decide to close out my position, I'll keep 1 share in my account for good.

It may be hard for you to believe, but I do welcome opportunities to short at higher prices. I use this trading strategy only with POS stocks like CUST.

Regards,

Tom
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