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Technology Stocks : Thrustmaster (NASDAQ:TMSR)

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To: Pete Mason who wrote (2053)	4/29/1999 5:26:00 PM
From: Chris McConnel	of 2443

Pete, you may want to check out the "Ask Michael Burke" thread, were he often talks about shorting in three parts. I am using a similar strategy. I've got a 1/3 position at 15. I've shorted at 21 1/4 and covered in the teens (twice now) what would have be a 2nd 1/3 position, but have not reshorted it yet. I wanted to see how earnings were before I re-establish my 2nd 1/3 position. I'm going to be cautious for the moment and see just how much air this baloon is going take in. I'd like to get my 2nd position at 25, but that might be optimistic, given the action today. - Chris

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