UAI - Unistar - BB reverse merger that moved to AMEX Message Board

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Non-Tech : UAI - Unistar - BB reverse merger that moved to AMEX

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To: Q. who wrote (113)	10/6/1999 7:19:00 PM
From: Daniel Chisholm	Read Replies (1) of 133

re: USIS, I shorted at 10, now that it is around $3 it would cost me more to cover (~40% tax on the ~$7 gain = $2.80) than it does in margin to stay short (about $1.50 tied up in T-Bills). Re: UAI tying up your margin, patience man, patience! Yours is the "curse" of ultimate success -- you'll get your near 100% return, so what even if it takes a year or two to earn it? Buffett grew rich at 25%/yr, Soros at 35%/yr. Your UAI short is doing better than either of these greats -- that temporarily inaccessible margin is more than earning its keep. You should trade with an expensive full service broker like I do, it makes one reluctant to machine-gun trades.... a short never covered is a commission never paid... ;-) (though looking at some of my trades, I sometimes wonder if I might be better off with an even more expensive broker...) - Daniel

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