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Strategies & Market Trends : The GUMMMy Bear Squad touting Gum Tech (NASDAQ: GUMM) -- Ignore unavailable to you. Want to Upgrade?


To: Mad2 who wrote (124)2/3/2000 2:23:00 AM
From: Carl R.  Respond to of 207
 
Mad2, that is probably not a bad piece of advice, but my position in GUMM is very small, and in any case it is held in street name so I am probably not on their shareholder list. I bought GUMM for amusement value only at 16 and then more at 18, and I'm far too busy these days to do much in the way of research. I bought it mostly because the product was very effective for me, and I was curious how it would turn out.

One of my investment rules is generally to avoid stocks that are heavily shorted, so normally I would have avoided this one. The way I see it is that is a prolonged bull market, such as this one, there are a huge number of dumb longs floating around, but the dumb shorts have been wiped out by now. Thus I figure that the average short is smarter than the average bull, which is why I avoid stocks that are heavily shorted.

Carl