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Technology Stocks : USWeb (USWB)
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To: Dutch who wrote (1113)8/15/1999 10:08:00 PM
From: SJS  Read Replies (1) of 1188
 
Dutch,

I sold my stock, am taking my loss, and moving what's left to other more predictable stock to recoup my money.

I gave USWB a reasonable amount of time in what seemed to be great earnings and positive talk/concept. So far, it didn't pan out and I lost over 30%.... WAY TO MUCH for my discipline. I stayed because the FA was so good.

Meanwhile, the TA was horrendous. I want a fighting chance to make some dough. This stock has had bad karma since I bought it. Good news makes it go down, good analyst reports do so as well. So what gives?

Lots of short sellers who have a big axe to grind. It will eventually move up, but since it didn't on 2 very large recent rebound days, it's time to "give it up". I am tired of writing calls on this stock to average down. I can't write calls fast enough, or with enought premium to stay ahead, and I don't want to continue to ratio sell too much more.

Best of luck.

Steve
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