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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?


To: McNabb Brothers who wrote (1317)7/19/1999 5:19:00 PM
From: snail  Read Replies (3) | Respond to of 9677
 
I don't usually respond to questions. In fact, I don't post very often. But since you have always been a gentleman, I will make an exception. I am short about 75,000 shares between 5.75 and 8.5. My average is a now a little under 7.25. I am sort of glad that Datek would not, or could not, lend any shares. I have stops placed from 5.75 down to 4.00. If FSTW revisits those levels I will do very well.

I have been in and out of FSTW since about May of '97. FSTW was one of my earliest positions as an active trader and I took far too large a position. It took me forever to unwind that position because of the light volume. I originally took that position because of my respect for Roger Babb, as I have previously stated. I am a lot more cautious nowadays. I have been quite successful since that time but, as my present position would indicate, I am too much of a gambler.

I am very happy for you today. Still, I would caution you to take some money off the table at these prices. You can always pick more up on the pull backs.