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Strategies & Market Trends : Three Amigos Stock Thread
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To: James Strauss who wrote (8235)8/31/1998 4:30:00 PM
From: James Wright  Read Replies (6) of 29382
 
Short Report -- Closing Bell:

WAVO down 1 1/4 for the day to close at 5 -- YEHA!
DSET down 1 3/4 for the day to close at 8 1/4 -- YYEEHHAA!
ANLT down 2 3/4 for the day to close at 15 1/2 -- YYYEEEHHHAAA!
EGRP down 4 1/4 for the day to close at 16 5/8 -- YYYYEEEEHHHHAAAA!
QWST down 4 13/16 for the day to close at 25 -- YYYYYEEEEEHHHHHAAAAA!

Portfolio up 86% in three weeks -- YYYYYYEEEEEEHHHHHHAAAAAA!!!!!!

Last week, one of the Amigos sent me a PM asking me to go away and
stop posting. In response, I pointed out that over time I have been
as transparent with my losses as I have with my wins.

I'm sorry if my recent gains come across as boasting or as a threat,
but that's not the intent. The only reason I post these types of
results is to drive home the point that you need to change your
strategy when market conditions change. Right now, the only way to
win is to short. In contrast, buying long on fundamentals has been a
losing strategy for the last couple of months (I know, because I lost
a lot of paper profits until I finally was willing to face facts).

Again, leading up to my shift to a short strategy, I lost some real
money and I stated that fact, so there's no self promotion here.
Let's stop being threatened because someone is making money with a
strategy that is at odds with one's own philosophy and start sharing
some ideas for beating this market.

By the way, someone recently posted OMPT as a good short candidate --
good idea! Keep them coming!

-- Jim
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