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Strategies & Market Trends : Position Trading Forum
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To: Nazbuster who wrote (2452)9/27/1998 10:52:00 PM
From: Mama Bear  Read Replies (1) of 7247
 
Daniel, my first batch of CFON short was initiated at 5 5/16 before it ran to 15 1/4. The mistake there was that I knew the company too well. Of course knowing the company was what enabled me to hold onto and add to the position resulting in my most profitable position to date. When I covered part of my position at 3 1/4 I even bought an extra share and had it certificated. I framed it and it hangs on my wall as both a souvenir and a reminder to not underestimate the power of momentum again.

Yes, I would much rather have preferred to go long and then short. But I still can't figure out what the people paying double digits for CFON were thinking.

Barb
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