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To: Ron Dior who wrote (216)6/23/1999 11:35:00 AM
From: ISP_Investor  Read Replies (2) | Respond to of 353
 
"ISP I think that your reasoning is very sound, I just don't agree that sound reasoning is what it takes to be a trader in this sector. You could still get burned very easily holding a short position for any length of time with stocks like this one." -

The people who short stocks and try to make real money off of them in general do 5-10 times the amount of research that someone going long will do on a stock before making a decision. Without a sufficient amount of information it is really easy to get distracted by the group of 2-3 million day traders sitting in their underwear trading stocks at home that you are referring to. No offense to anyone specifically, but a lot of them really don't know what they are really buying when they click the buy button. The test I use on conviction is this: If it goes lower and you won't buy more, then you should sell. If it goes higher and you won't short more, then you should cover. This test assumes you have a very strong base of knowledge when you make the initial decision to buy or to sell.

With that logic- I really hope that the group in their undies at home and anyone else wishing to buy, steps in and runs this stock to the moon as I have my hands around real valuation of the company.