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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: eims2000 who wrote (46880)11/27/1999 8:26:00 AM
From: Manly  Respond to of 122088
 
I was thinking about ADSP all last night. When I continually see crap like this happening in the market you know it's just like Vegas out there. For investors who are touting that inuts are headed even higher and there's no ned in sight, I shake my head because no one really knows where stocks are headed.

ADSP may have one more day in it since margin calls may be placed and forcing investors to buy back at whatever price. Friday, I played SBEI and PERL which were being touted and I played them long very briefly and did good. For those investors who are sitting long on these type of stocks overnight, they're insane.

I truly hope that all shorts on ADSP can hang tough for a couple of days to allow the price to get back to the low single digits. I believe in going both long and short and a stock like ADSP deserves to be shorted, I was unable to get shares.

Also, never short a stock where your account doesn't have the equity to ride a couple of insane days like today. I would have just shorted 500 and would have been happy even at $20 since we all know this stock is headed down once the frenzy stops.

And for all those individuals who are gloating because some shorters lost their shirt on this one - the market can be played both ways and should be. We're all here to make money either long or short. Hang tough on ADSP and if your brokers make you cover a stock like this - it's time to move your account from them!

Glenn