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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: hjz who wrote (2285)1/18/2001 6:33:37 PM
From: Jenna  Read Replies (2) of 6445
 
SDLI 10 points today gain on the 200 January call options with 10 contracts called at 9:40. Those traders made their money on the short side, believe me, and they got out and went long. Shorters are not idiots, they do more research than longs do. In fact if investors did as much research as shorts did they would not have been caught with their pants down losing a years investment gains. I don't like to see shorts ridiculed when finally after 3 months of the longs being trampled on with their 'head in the sand' attitude there are now gains to be made. We were short SDLI for over 100 points but when the trend changed, like chameleons, we changed with it. I imagine there are a few died in wool shorts that typically short to the end, but they are not the shorters we identify with.

EMLX we were not even taking any intraday short positions on this monster, but you can be sure that no longs 'were coming forward' before earnings came out. They were hiding in their little nooks and only when earnings are out, they said 'they saw it'.. That's so much bull. We were neutral and if there is anyone that held EMLX through earnings, I would like to see their statements and trading record for today. I am tired of 'we saw the alerts' we 'called it two weeks' ago cop outs. Come and trade with us day in and day out in real time and face your decisions from inception through follow through and not with lists of 20 stocks and 2 came through right. We all went long the beginning of this month and have already realized more gains on the LONG side than original longs have made DURING ALL OF 2000. So if your want to stand up and be counted, than come forward timely and not 'when the coast is clear'.
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