To: Jenna who wrote (985 ) 6/25/1999 10:29:00 PM From: Jenna Read Replies (2) | Respond to of 2514
CUST as an earnings play on May 11, 1999. Message 9436380 Message 9436708 Here we called it as an earnings play check marketgems.com (click for May 11, then click the down arrow until you get to #9).. We called it twice on the thread as triggering a buy signal, and CUST didn't rest from that day on... So another case 100% gain 10 trading sessions on a 'hype' stock. How do you know that another net stock is better or stronger, since few of them have earnings? Or even those with earnings like VRSN, NSOL and AOL were swept down in May/June with the correction of the nets. CUST from the day the buy signal was triggered on May 11, 1999. 5/24/1999 76 67 7/8 90 64 9,012,200 5/21/1999 60 15/16 55 5/8 61 13/16 55 1/4 1,101,100 5/20/1999 54 9/16 51 60 50 1/2 1,257,700 5/19/1999 49 7/8 49 50 3/8 47 1/4 592,500 5/18/1999 48 13/32 50 1/8 50 3/8 47 3/16 799,700 5/17/1999 49 9/16 43 1/4 51 3/8 43 1/4 1,522,000 5/14/1999 42 31/32 40 1/2 43 38 690,400 5/13/1999 40 1/16 40 3/4 41 3/4 39 1/2 359,600 5/12/1999 39 7/8 39 40 3/4 36 1/2 560,800 5/11/1999 38 3/8 42 44 38 3/8 1,129,300 I guess some of you are from the same group that shorted my favorite play NTBK.. during the first quarter of 1999. By the way we sold NTBK last week of April, so we are not thick-headed we realize the dangers and risks of CUST, but to go one way is to miss the opportunities for both long and short. I had a relative once that everyone despised. He was a miser and wouldn't help anyone ever, even though he was extremely wealthy. Every time someone had a 'proposition' to set forth to him, he would say 'no'.. 100% of the time, he would point out the flaws of the reasoning of the project just so he could justify his not contributing. As the law of averages would have it, he was right about 10-20% of the time, and he would take advantage with words like: I told you so, I knew your idea would never work.. it was doomed from the outset. But when the projects DID take off, you never heard a word out this relative. Of course he was lucky to the very end.. He died at 98, a very rich man, and kept all his money with him. However, his family was estranged from him. The morale is simple: Every play should be judged on its own merit, every net stock as well. There are room for shorts and longs as well, unless you are planning to hold this stock as a long or intermediate hold. You shorts, will probably win at the end, but how much money will you have left by then after covering all the gains?