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.
Strategies & Market Trends : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: William H Huebl who wrote (18079)5/7/1998 3:12:00 PM
From: Greg Jung  Read Replies (1) of 94695
 
Asnd: Well it was my very first short so I figured, better get burned
and learn the Psychology before taking profit.<g> At least it isn't out of control like AOL, yahoo - that time passed in Winter '97 for the networkers. I'm looking for it to fill the gap at about 32. As a nervous market hedge that ought to do it if it can break below 40 again. Of course I figured it wouldn't get above 40 in the first place so my first batch was 37. Averaged up to near 40 and I might try to raise that in the 40-44 bounces. Still 2 parts long to one part short, but my longs have already been run over and shouldn't get much lower so I hope. BTW I shorted asnd as I went long FORE at 15, then increased that position just prior to earnings and left it at 24-e. So the initial position was actually an act of conservatism.
I've suspended all sentimental attachments to long-term holds,
save Cymer which I'm writing calls on. However this Y2k stuff seems muddier than I thought it would be (Viasoft). I think institutions are trying to ease out and not finding liquidity. Viasoft valuation is now reasonable as a software company, even, but 90+% institutional ownership and I suppose one guy decided to leave and the party collapsed.

Greg
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