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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (15308)8/20/1998 10:47:00 PM
From: Justa Werkenstiff  Read Replies (1) of 17305
 
Andrew: So let me get this straight. You were kind enough to pick up the telephone on a sacred weekend and listen to a pitch to help someone out of a jam by taking on a private placement for some stock soon-to-be dumped on the open market which never was finalized and then when no seller materialized on Monday you risked your capital by going long knowing full well the seller could show up (if no private placement) at anytime if at all and then you took your 30% in the face of all that could go wrong and actually did go wrong after you exited only to have to spend hours posting here defending your reputation? Conclusion #1: You earned your pay to play; #2 never pick up the phone on the weekend; #3 no good deed goes unpunished; and #4 you did nothing wrong unless one considers protecting oneself in the face of the unknown somehow unethical.

Locked up a 1/2 point on the KLIC short; used PLAB as a day trade to take another 1/2 point in a need to conserve cash in face of the next Clinton move (would like to have stayed with PLAB); went trading long NVLS at $35.5 today; don't talk to me about ASMLF <g>. Will consider adding to ASMLF and/or NVLS tomorrow. I don't like the fact that ASMLF made a new low. Any explanation for that one?
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