Shorting stocks: High fliers Message Board

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Strategies & Market Trends : Shorting stocks: High fliers

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To: Q. who wrote (639)	1/8/1999 5:17:00 PM
From: Dale Baker	Read Replies (1) of 709

More and more brokerages aren't letting retail investors margin these turkeys either way, which is just as well. I have been making a mint in CMGI just sitting on my thumbs, so I can't complain. But WCOM faked me out, hitting my stop then recovering on news in the afternoon. To add insult to injury, AMEN wasn't worth playing long because it gapped up then drifted. Only the pre-market players benefited - and anyone front-running the BW story. Come Monday, I will buy back my WCOM, raise the stop in CMGI (post-split) and look for some new turkey to short. CCSI is not bringing any joy for now.

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