Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: ToTradeWell who wrote (5278)	8/20/2001 12:36:39 AM
From: mishedlo	Read Replies (1) of 6873

Any advise on allocation? Is it wise to sell a first position of 25%, or what? When do you usually sell a second position? After a rise of ?% or dollar amt? If the stock starts falling, do you ever sell more on way down? I usually take positions in the right stocks, but too often get stopped out (rather than allocate) only to see the next day the stock fall like a rock. My initial position is usually probably too large too. How did you learn allocation? and the patience that goes with it? Thanks! The advice seems to be x% on any play but thta is not what I do at all. I look at what if scenarios and what can happen to a stock on a short squeeze. I would never put the same % on NLI as I would on EBAY for example. NLI could and did run 100% from where some were shorting it. ALOY 70%. Man that kind of crap just is not going to happen on larger float issues. I might do x number of shares instead of x%. I am currently short a mere 100 shares of ALOY but based on % it could have been 500-100. Now that it is at 17 instead of 10-12 and showing some weakness I might do 200 shares. BTW I got in at about 15 and not when it was first mentioned here. I have struggled with allocation all year and only now do I think I have t close to right. With more funds and better ability to ride things out then % could be a better way. My only intent was to make a few hundred off ALOY not a few thousand. I was greedy earlier in the year on these kind of plays and had my ass handed to me on a platter only to see the stock reverse as soon as I panicked out. Right now I was fortunate enough to ride several hundred shares of LWIN fro 32 to 17. I took 2/3 off the table and could care less what it does. On any absurd bounce above 20, I will add more shares back. If it keeps falling then I keep making $. I wish all my trades went this well but hopefully this gives you some additional ideas. M

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