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To: Austin S. who wrote (165)6/5/2000 10:58:00 PM
From: Craig Bartels  Read Replies (2) | Respond to of 266
 
Dude,
I don't throw 100% into a trade at once, 50 shares at $140ish was my 10% for this particular trade, if it went to 225ish, I would have added another 20-30%, until I was fully allocated for the amount I set aside for this particular trade. That's how you get burned shorting, throwing it all in at once and not anticpating a runup from your initial short position.

You seem to find it humourous that I started with "only 50 shares", trying to hit a home run will get you ruined shorting. I've seen it happened so many times, the guranteed stock that will not run anymore, tripling in a few day period(ADSP would be one of them)

I can't resist taking a profit of approx 100% off the table over a 1-2 month time, especially since the market had tanked. I knew it would run back up with the return of the market, which it has started to do, I will be in again in the future

Anyone long this stock at this price is smoking crack or soemthing worse

chbartel