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Strategies & Market Trends : Action & Options- Taxikid plays

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To: Allan F who wrote (3673)	2/4/1998 5:49:00 PM
From: taxikid	Read Replies (1) of 4339

i look for liquidity.. which wdry really does not have.. i looked and saw it bumbling towards its all time high..around 24 and said.. it was not a good short there.. and of course time agreed with me{too bad it doesn't always} there are two ways to make money in the stock market..{legally} one is to do everything the hard way.. the other is luck.. i don't like luck.. it usually runs to someone else before i am done with it.. it wasn't a good short at 24.. it wasn't a great short at 31.. so i initiated a small position.. i would not want to have been 5k short{$150k} even though it performed nicely... because it was too risky and way to difficult to drop that many shares.. i think i had 900 share all added up.. i have a piddly 25 shares that got left out of a partial gtc.. and since it was only a small portion of my profits.. i am keeping it short.. i don't know why.. it is the smallest number of shares i have ever had.. although on time i got a day fill of ten shares.. cost me a buck a share commission.. i was po'd.. i traded it a few times too.. ended up with it~ a ten dollar move earns me $250 or cost me $250.. i could care less.. anyway.. will get back at ya later... am building up momentum on the pages. taxi

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