Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Dale Baker who wrote (16701)	7/6/2002 2:48:12 PM
From: get shorty	Read Replies (1) of 18998

What a difference a day makes... Sunday, Oct. 28, 2001 I have a good-sized short in KOPN with a target of 10-11. You may want to check it out... Monday, Oct. 29, 2001 Covered KOPN short at the close; may go lower but KOPN was close to my target Covering your short effectively the same day you suggested it to others. Nice. Sunday, Oct. 28, 2001 In reference to KOPN; very liquid and not much squeeze potential* on top of a ridiculous price-revenue multiple.* So, notwithstanding your observation that KOPN is very liquid and does not have much squeeze potential, we now have: Monday, Oct. 29, 2001 but KOPN was close to my target and it really bounces in a rally and... Saturday, July 6, 2002 Notice where I mention KOPN could squeeze hard* so it was more prudent to cover?* Moving on: 3. AM closed at 16.88, an even 25% over the 13.50 level it traded at when called short. Maybe someone should have been more cautious there too. Most traders use 10-20% stops and lost money if they followed their system Those same traders would have lost money on your KOPN trade too. You know, the position that was covered the same day you brought it to Michail Shadkin's thread. Let's just hope they did use a stop because it proceeded to run from $12 to $19. I really can't add much to the SURE trade other than your cautionary call marked the absolute top. Beauty.

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