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

To: RockyBalboa who wrote (6818)	2/21/2000 4:03:00 PM
From: Mike M	Read Replies (2) \| Respond to of 10293

You were wise to take profits on COMS, IMO....We don't yet know exactly how they plan to parcel out shares of Palm Pilot and the remainder of the company is problematic at best. Few companies buoyed by IPOs seem to fare well immediately after the event. I suppose, if I were a better trader, I could optimize return on an investment like GUMM and try to pick temporary tops and bottoms. I boxed a thousand shares in the upper 20's and another couple thousand at 35 but was unwilling to hedge the lion's share (I have closed 2/3s of the box). This is a long term investment for me and I intend to give management plenty of time to execute their business plan. The problem with hedging is short term capital gains when I am correct (which I have grown to dislike around April 15)...or being wrong about short term direction and amplitude...in my days with options I learned that I was a terrible short term trader.