KKD - Krispy Kreme Message Board

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Pastimes : KKD - Krispy Kreme

KKD 21.00

0.0%

Aug 4 5:00 PM EST

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To: Tony C. who wrote (59)	5/31/2001 10:09:24 PM
From: Jon Khymn	of 214

>>I'm one of those people who shorted this stock WAY too early, and I've lost a lot of $ and sleep over it in the past few months. << I know how it feels, when the stock runs the other way. For shorting, your upside risk is 'potentially' unlimited. I've learned three things from past shorting experience. 1. Not all POS stocks that run up 300% in 3 days will start to tank the next day. $3 penny stock could run to $9 in three days, and then could run to $50 in next two days. 2. Not all high P/E stocks will come down to earth very soon. Sorry to keep mentioning SBUX (BTW, I hate the taste of their coffee), but SBUX's past p/e has been between 60 to over 100 if my memory serves me right. 3. Never short more than 5% of total fund. If 5% of the total fund is not big enough to do any meaningful trade, then I'm not ready to do short sales. Tony, at least you should consider yourself lucky that you didn't short KKD last year at 30s, BEFORE split. I truly think KKD is not a good short material and I've been preaching this since the beginning of KREM's birth. For short term shorting at mid 70s might work for quick bucks but for long term? I wouldn't wrestle with this alligator, the RISK vs REWARD is just not there...

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