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Technology Stocks : CustomTracks Corporation (CUST)
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To: Michael T Currie who wrote (1954)8/9/1999 3:38:00 PM
From: J.Y. Wang  Read Replies (1) of 2514
 
Looks like CUST might lose 34 today.

Hey, J.Y., we've all done it. Console yourself with the knowledge that it was the
smart thing to do at the time without benefit of hindsight.

As I tell my friends, shorting POS stocks is tricky because you know that it's going down but two things you don't know: 1) How high is it going to go before it goes down; and 2) When it is going down.

I don't feel sorry for the longs who lost a buttload of money because they deserve it for buying a POS like CUST. I feel sorry for the shorts who shorted this POS on the first run and got their asses handed to them on a garbage can lid when it ran to 90.

P.S. A little secret - I covered half at 38 and change. Feel better? :)

Just slightly, Michael. :)

CUST has been a pain in the ass for me as well as for many other shorts, but I am going to cover for a significant profit and that's what matters. Patience is necessary when shorting.

I have three very significant short positions which were giving me headaches. CUST and NOPT are essentially over. ICCSA is the only one to go.

I have a feeling CUST will be in the teens before the year is over.
Cook needs to buy another 5000 shares or so or the longs are all going to go postal.
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