Vivus, Why the Slide? Message Board

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Biotech / Medical : Vivus, Why the Slide?

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To: James Edge who wrote (1965)	6/12/1997 11:23:00 PM
From: Autumn Henry	of 3991

Something I don't understand and saw the same thing on ZITL .....why do people "take sides" and "wait" for their turn if they truly want to make money? If one is somewhat convinced that this stock will go up due to Cabot/the split/whatever to 60 then why do people "wait" till it gets there versus riding it up and riding it down? We are talking about perhaps 20 points up to 60's so what is the wait all about? What is the one-sided mentality I see if we are all just looking to make money? Maybe someone can explain this to me cause I have always thought the optimum was to ride a stock both ways. Just curious cause I see this black/white, long/short thing so much and I feel the best traders ride the stock up and down.....elevator goes both ways lucratively.... Thanks for any mindset explanations. Am I missing something? It just seems like it becomes more of an mental/issue arm-wrestle about the value of a stock just to jaw-bone or to get some aggressive energy out. I once asked a ZITL shorter who was eventually, I believe about one million to the bad---why did he continue to short instead of long it when it was obvious it was still cranking. He was obsessively interested in being "right in the end" and "having the last laugh". Many people patted him on the back as he continued to hemorrage money cause this guy would be right in the end and have the last laugh. Course it is easier to do that when it's not your bad trade (at the time). Right there I realized that that type of thinking could be death for a trader--like a pride disease ........I told him I did not/could not WAIT to be right in the end.....I had to be right right now and that my trading style/thinking required me to get frequent current laughs(all the way to the bank) versus hoping I was right eventually to get the last laugh. Plus I pointed out that while he was waiting and hemorraging that his money was not being put to work in other plays for quite some time. I believe that one would have to keep onesself alive with the fantasy (whether it turns into reality or not sooner or later) of "how good" it is going to feel when one is proved right eventually. I found the whole thing disappointing versus making range trade money up and down consistently. I also found these threads seem to get the male animal into some kind of "contest" whereby it is so hard to "publicly change your mind" and go for the gold if the situation warrants it so one has to stay stuck in the original position thereby missing the other direction lucrativeness. That is disappointing to me. So.....what I would like to know is why does this happen and am I missing something about maybe riding this stock up 20 points........and then riding it back down? Thanks for any education given. Autumn

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