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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (6681)1/27/1999 4:21:00 PM
From: JC Money - President of a Loca  Read Replies (3) of 122087
 
IMON - I did short it yesterday at $13.75 but covered at $12... When I short a stock I just don't have patience or stomach to hold it. I re-shorted twice today and will be sleeping with this one today. I did miss a big gain because I was chiken and today, there was some scary moments after I shorted again at $8.75 (the darn thing shoot up to $9 7/8) but held onto my short position. I really think this company is worth nothing and reverse merger was a scam to prevent de-listing.. The funny thing is I have made money 100% on all my shorts - CNKT, TRAC, ABTE, HEB, WDRY, CLCX, IMON and etc. but still am scared to hold any short position for long time (maybe that's why I made on my short position 100% so far :-) Anyhow, I think I will be holding this short position for a WHILE as I think this one really should be below $5. One more thing is that I am sure MANY longs probably bought this dog on margin. Starting today, it ain't marginable no mo! It will be a site to watch when they starts getting margin calls tomorrow. This dog is as good as dead. IMHO of course!
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