T/FIF, a New Plateau Message Board

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Biotech / Medical : T/FIF, a New Plateau

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To: tom pope who wrote (851)	1/30/2002 7:41:39 PM
From: scaram(o)uche	Read Replies (2) of 2243

Thanks, Tom. It's been easy for momentum traders to hop on negative news. Over the past year, I've let them have their rein, and then moved in at about the time that they'd be afraid, the time that they'd be interested in harvesting profit. The shorts are rather stupid, and lack the security of knowing the science and management teams. Despite the down years, I've had big success with trading LONG. This is going to sound ridiculous, given that I trade frequently..... I can't remember the last time that I lost on a round trip. The annualized yield on my trading resources is astronomical. And, basically, the only thing that I've done --lately -- is bet against the dumb guys. Given the "E" word (Enron), today's play was drawn out and inviting with volume. I decided to play in public. In real world, I did it "relatively overweight". Ended the day with no position. Let's be quiet and find another.

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