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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (49115)7/8/1999 4:59:00 AM
From: Jenna  Read Replies (2) of 120523
 
CUST was remarkable today.. I'm more convinced than ever (even with the short on MAIL which is "up" 1 9/16 after 2 very profitable long trades last week) that you can make money both up and down on these 'controversial' issues. I'm now up 27 points in CUST not including a pending double bagger to cash in tomorrow.. All this without bickering, cringing to the e-mailers about the 'awful stock' (got a few e-mails about PHCM when it was 42,calling it every name in the book, stock hit 80 and closed at 77 in 12 sessions, had I held a short position from the first e-mail, I would have been down 36 points).. i have no doubt that PHCM is one good stock, but it to will correct as is inevitable, and I'll try to be there and catch at least 70% of the fall, maybe yes maybe no. But come August I'll still be shorting buying puts. only discreetly, short term, and hopefully every trade will add to the experience to make the next trade better still.

On this thread whenever and if we short, we will do so without rancor, unduly bashing the stock, there is enough of that going around on a good deal of the threads. It serves no purpose save taking our mind off the trade and wasting time on debates that lead absolutely nowhere. If its not too late it could be a dismal day for Philip Morris tomorrow, and we might get in some trade and I think it was a good idea to pick up some NEON (stock and/or options near the close) like we did.
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