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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (1309)6/11/1999 5:35:00 PM
From: Dale Baker  Read Replies (2) | Respond to of 10293
 
I have about a dozen companies I am holding with "free shares" but they are all companies worth believing in. "Free shares" make it very easy to ride out volatility like the current market conditions. You can't sell at the wrong time if you have decided not to sell at all.

With crap like CCSI, however, it is just a recipe for losing money.

Shorts can work the same way. No way would I cover a single share of ICCSA at a loss. I rode it up to 17 and back down to 8 and change now. Won't cover until I see something under 5. There's a company the SI shorting community could have decimated if they hadn't run for cover every time someone brought it up.



To: Peter V who wrote (1309)6/11/1999 6:33:00 PM
From: lindend  Read Replies (1) | Respond to of 10293
 
But they aren't free. When BIDS, CCSI or any other flying t?rd gets halved, you've lost half of your money no matter what the entry price or what you've sold the remaining shares at.

IMHO, holding out for a miracle or day trader madness is one thing, but to try to justify it by saying the shares are free is nonsensical.

Edit: better not use the "t" word. Don't want to be in SI jail.


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