Hello ztect,
Thanks for your praise, but I am more upset about my long positions in CNET and LCOS (lost a combined $46,800)today.
I can't believe Davis (Ceo) sold Lycos at 1/3 of its market cap ?!
THAT IS THE NO. 1 REASON WHY I AM BAILING OUT OF THE NETS... FOR NOW!
ONLY AOL IS A NO BRAINER TO OWN.
ztect,
My first "buy" on SATH was on Feb. 1, 3,000 shares at $18 1/2.
Then 6,000 shares more at $21 13/16.
I sold 7,200 shares total yesterday at $29 (a little upset that I didn't see the top)and kept 1,800 shares with a 0 cost basis.
I sold those today at $27 3/4 and then decided to short SATH at $28 3/16 - $27 3/4.
(I had to use three brokers to get 10,000 shares to borrow)
My target is somewhere in the teens, I will not cover today.
So far, so good, but believe me ztect, I am very, very upset at my significant loss in Lycos and Cnet today.
(I won't even mention my disappointment in NAVR, so far)
But overall it has already been a MAGNIFICANT year for the Haenisch household - knock on wood!
Continued success to you ztect, Anthony and everyone else intelligent enough to subscribe to Silicon Investor.
I have garnered tons of valuable information from this web site.
Thanks S.I.
Rico
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