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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (1146)6/29/1999 7:21:00 PM
From: Lucky888  Respond to of 2514
 
CUST--

Jenna, I guess the shorters does not time the market as well as you do. that's why they keep going short on CUST :)

L.

note: short and will be shorter.



To: Jenna who wrote (1146)6/29/1999 7:37:00 PM
From: CatLady  Read Replies (1) | Respond to of 2514
 
Jenna, there are stocks that I'm willing to trade, up and down.

Then there are vaporware stocks that I wouldn't dare hold overnight. CUST is only vaporware at this point.



To: Jenna who wrote (1146)6/29/1999 11:17:00 PM
From: Jon K.  Read Replies (1) | Respond to of 2514
 
How
have you made money on that short since then as the stock has gone from 35 to 56?
Don't you ever cut your losses and cover?


As for myself I am down quite a bit right now but many others who have short CUST from 70s & 80s made tons of money. Also some day traders could make money shorting even if the stock go up. As you know no stock goes up straight up or down for 10 days.

What would have been wrong with going long with the stocks upward
momentum and shorting when the momentum died, which is what I plan on doing in
the next few trading sessions?


Obviously there is nothing wrong with going long and then short at the top. That would be everyones dream... (I am currently trying to imitate that dream with WITC. Long from 11 to 19 and short at 35)

The reason I started to short CUST from high 30s: I was 95% confident that Cust will come down to 20s in a few months but I wasn't sure how high it will go before it tank. Since I knew Cust's destination, I was able to start short early without much hesitation.

Hopefully I'll be as good as you in timing the market and the stocks..... someday ;o)