To: RMiethe who wrote (1352 ) 7/10/1999 5:27:00 PM From: Lionel Parker Perkins III Read Replies (1) | Respond to
When I talk about a top I am talking about the next few weeks/months not the next few years. That's the difference between people who are long and short, and that's how I can sanely make that statement. When I am short a stock my losses can be "unlimited", just like when you are long your gains can be unlimited. The best I can hope for when I short a stock at $50 is for $50. I am not going to hold a short till it goes to zero to make the $50. All I want is 10,15 or 20 points the stock will drop and be out of my unlimited risk. I have been dealing with this stock since 1995, not since 3 weeks ago. I have seen it at 4 and I have seen it run to 16 and go back down to 4 again. It may be the greatest technology ever. I don't care, what I do care about is that news, short squeeze, you name it; has caused this stock to double, then triple, then quadruaple in a very short time. Nothing recently has come from the company to justify this. Once a stock runs like this it's much easier for it to pull back than go up. Friday showed that it's down days can move further than it's up days. That's the greed and selling pressure that have now started to take over. When all this news and volume fizzles, this stock will drop to realistic levels. Where that is I don't know, all I care about is the points it will go down over the next few weeks. Good luck investing, being a long term investor in this stock will probably work out for you. Remember what I am doing and what you are doing are two completely different things with totally different risk levels and time frames. Think about it.
