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Microcap & Penny Stocks : MCLL Metrocall
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To: Jon Khymn who wrote (166)2/9/2000 1:43:00 AM
From: Kailash  Read Replies (1) of 266
 
Sorry this one caught you the wrong way. There's so much money floating around this pig I find it hard to believe.

I don't think there's really a rule about when to short. People are trying to second-guess each other, so there are no rules that work all the time. I think stocks sometimes have a stickiness to them because of human emotions -- maybe because it's harder to let go of something you own than to pass up something you never had.

If you find a stock with really poor fundamentals that has become a momentum stock, the run rarely seems to last more than three days. Sometimes it's less. On Friday, I was really tempted, but I decided I'd risk letting the opportunity slip by. When it rose again on Monday, I shorted with a great feeling; it just had to fall. If you play it that way, you'll miss some really good ones. And you can still get your arm torn off.

I agree today between 2 and 3pm would have been a really good time to short -- I'd say after the bounce, between 11 and 12. There's still a lot of enthusiasm in the stock with people saying it will go to 20. Even after a terrible TV interview and a dismal earnings report.

I guess you never really know so I try not to stake my shirt on one trade. Play it safe; shorting is risky enough as it is.

Kailash
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