SI
SI
discoversearch

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.
Microcap & Penny Stocks : Universal Medical Sytems (UMSI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Skaar who wrote (693)12/23/1997 5:16:00 PM
From: GeneM   of 1672
 
Skaar: If you'll notice, most all of the stks. mentioned on the site you provided are/were selling for 5.00 or more when they were initially shorted. Sometimes shorting a stk. is called for. For example: I shorted MCI at 37.00 when they began negotiations to sell the company to a British firm. Their book-value was far less than 37.00 at the time, and it was obvious that something bad had to happen. I covered at 30.00; also, I shorted JABL at 70.00 when I heard that they had lost their contract with Johnson & Johnson (their largest account); I covered at 51.00 (the stk. was way over-valued at 70.00). Sometimes it is the prudent thing to do, you just have to keep rather tight stops in case it goes against you.

GeneM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News