Telebras (TBH) & Brazil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Weekapaug who wrote (417)	11/14/1997 11:37:00 PM
From: Uncle Mikey	Read Replies (1) of 22640

Oye...Oye... Meninos y Meninas, it sure can be fun when this stock runs in the right direction! Interesting sidenote in the category of "Stupid Investing Made Simple": On Thursday morning with Brazil tanking again I decided that maybe I made a mistake with this stock and the thing to do was to SHORT IT. So I did. For about 20 minutes. It was my very first short sell experience. For the first 10 minutes I felt like a genius. The stock dropped about $2. But I didn't like the look of the second 10 minutes. So I covered my position and lost a teeny bit. I also decided the "really right thing to do" was buy a bit more of the stock to add to my long position. (Change of heart :o] ) So I did, but not nearly as much as I had sold short. In any event the stock closed the day about 8 bucks higher than it was when I shorted it. I was delighted I'd gotten out when I did. My intention initially here was to buy the stock and hold it for years, and maybe (probably) I will. But it most certainly is a wild ride. Yeeeee Haaaaa! Mikey

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next