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Biotech / Medical : Alteon (ALT)
ALT 5.500+2.2%Jan 23 9:30 AM EST
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To: Bill Tomko who wrote (179)12/7/1997 12:51:00 PM
From: Lucky  Read Replies (1) of 318
 
My logic is that I have never seen a stock go straight up.All stocks go through normal corrections and consolidation before heading upwards again.This is what I count on every day.I expect to be short for only a few days at most making a quick 10-20% on my investment(margin factored in) with little risk (10%) and then I will be gone.Usually make 1-2 hits per week with a success rate of 85% and thats my way of making money on the market.
Thats my logic and I suspect the way most of the shorts here are playing this one.You even said yourself you expect that ALTN is likely to trade down over the next few days.With the longs thinking like yourself you have just assured me of succeeding here.
Lucky.
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