To: Dale Baker who wrote (55266 ) 4/28/2000 4:59:00 PM From: 1-DAY-TRADER Read Replies (2) | Respond to of 122087
On the contrary Dale, My operation is so successful, I have doubled the GROSS SALES in one year, got a partner, hired very expensive but effective management and I have enough time to day-trade from the comfort of my own bed while my wife is setting next to me to make me tea & coffee ... I am a registered pharmacist in the states of NJ, PA and NY, but before going to pharmacy school, I worked in the Restaurant business for 8 years in order to save for school. Few years ago, I lost so much money going long very heavy on one stock which was later Shorted by assensio (who taught me alot) to almost 30 cents. That is the reason why I do not believe in going long on anything unless it is soo cheap that it won't affect my trading powers by more than 5% ... I learned the lesson the very hard way, I deserve to make money now coz I have already paid the prices dearly!!! I also lost big another time last year when i was catching a falling knife ( going long on a stock that fell more 60%), which almost wiped me out coz it went further down to 80% in 3 days .... I was devustated, i spoke to A@P personally about it on the phone!!! this is the reason why i started shorting only coz i really feel that 90% of these stock prices are inflated balloon which is about to blow any minute now .. and this is for all to know!! I am so much relaxed this year coz i am already making my money somewhere else ... I am also playing with few spendable dollars compared to my portfolio 2 yrs ago :) DISH ... Last indication on ISLAND = 63 ... getting ready to short another 20% on Monday open ... ANCR @ 30 1/8 ...LOL from 33 NZRO @ 12 ... LOL all the way to the bank :) Good Luck to you & all