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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: JoF who wrote (62643)	1/13/2000 11:29:00 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 108040

JoF, That is the main reason that getting in over one's head is so dangerous. People who can maintain enough cash to out wait the shorts make the money. Just look at NETP, a perfect example However, there are 2 conditions that must exist for the waiting game to be successful. The issue must have good fundamentals as compared to others within it's sector, and management must understand the necessity for good PR. I believe that was WFII's problem. Fortunately, it seems management is catching on, and today WFII began to show some positive flow, look for shorts to cover going into what should be another stellar report. KOREA, it seems cost a bunch of MM's dearly on some of those runups, as they had to borrow shares <were prob mostly naked>, and when the pillar met the post, they lost. Currently, all they want are cheap covers. Make up time coming soon, as the PR on KOREA has even surpassed my hopes. Also, I'm sure funds are still accumulating. Nothing like the institutions sending out their flunkies to depress the shares, while they load up. FWIW, My full service broker told me several brokers in his office are holding KOREA in their personal accounts. The key is to buy an amount you can afford to hold, if caught in a downdraft. This is not to be confused with daytrading, when either a physical or a mental stop must be used, to avoid the necessity of holding. Definition of a long term hold? A bad trade <g> Fred