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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: redbeardog who wrote (845)5/13/1998 11:58:00 PM
From: Druss  Read Replies (1) of 4634
 
Redbeardog--I am not the one to ask on internets.
I shorted KTEL the day it started up. I hit it and then hit it again with a ridiculously high short I put in more for insurance than believing I would fill it. It filled and got over run too. The next day it gapped up and I bailed with heavy losses. I don't like these internet shorts at all now.
That said you are already in the game and hopefully this one is more air than KTEL. I think they may gap it in the morning anyway. Be careful on the averaging up on these dogs. They squeeze the devil out of you. If you are going to average look for high hits IHMO. This thing does have a floorless convertible under it though and if it stalls the holders will help you out.
As I recall you are active in the options. That may be the way to deal with these internet monsters.
It is good to see you are still cruising the threads. I have wondered about you every now and then, hope you are pulling in the bucks.
All the Best
Druss
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