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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (4005)	9/26/1999 11:34:00 PM
From: DanZ	Read Replies (1) \| Respond to of 10293

Just to keep the record straight, here is a tally of your trades on GUMM. July 10: Initiate coverage, close 12 11/16 July 13: "Shorted at an average price of 12 13/16." Sat, Sep 4: +20%, open on Mon, Sep 7 was 13 3/4 Wed, Sep 15: +25%, close 13 1/8 Thu, Sep 16: +50%, close 13 Mon, Sep 20, +10%, close 12 1/2 Tue, Sep 21, +10%, close 12 1/4 Wed, Sep 22, +10%, close 11 3/4 July 10: Assume that you shorted 1000 shares at 12 13/16. Total short value = $12,812.50 Sep 7 added 20% of 1000 shares (200 shares) at 13 3/4. Total short position = 1200 shares with value of $15,562.50 (avg price 12.97) Sep 15, added 25% of 1200 shares (300 shares) at 13 1/8. Total short position = 1500 shares with value of $19,500 (avg price 13) Sep 16, added 50% of 1500 shares (750 shares, round up to 800) at 13. Total short position = 2300 shares with value of $29,900 (avg price 13). Sep 20, added 10% of 2300 shares (230 shares, round up to 300) at 12 1/2. Total short position = 2600 shares with value of $33,650 (avg price of 12.94). Sep 21, added 10% of 2600 shares (260 shares, round up to 300) at 12 1/4. Total short position = 2900 shares with value of $37,325 (avg price of 12.87). Sep 22, added 10% of 2900 shares (290 shares, round up to 300) at 11 3/4. Total short position = 3200 shares with total value of $40,850 (avg price of 12.77). BTW, I bought more GUMM last week like I said that I was going to do. I got filled at various prices between 11 5/8 and 12 3/8. I also bought a small amount at 13 3/8 on Sep 10 and hardly feel like a victim. The stock could be back over 14 in a matter of minutes or hours the way it trades. I would hardly consider a 1/2 point gain on your current short position a good trade based on the amount of risk that I feel you are taking. You have yet to post a stop loss or target, so I have no idea what you think your risk to reward is.