Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (89803)	3/24/2000 3:04:00 PM
From: Jenna	Read Replies (1) of 120523

Doing the Watusi with MSTR.. covered this morning with a 4 point loss. Right after I covered, the stock started to drop so I reshorted at 135 to make up that loss (at the platform that formed on the 10 minute chart before the 'retest' at recovery which failed') and hold a short position of 200 shares through the weekend. I would have been better off holding the short position but the volatility in this stock makes it an easy short/long or whatever you want. I did what I tell others not to do.. the gap up was a potential adding of more short position at 140 but I panicked and covered when it moved up. Now I have a little more experience in this stock. My only next step is to up my short position from 200 to 500 but this stock is still scary so I'd rather short others that I know for 500-1,000 shares. ABSC, I'm getting quite good at, this one I'm still in the internship stage.

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