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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5514)	8/6/2000 5:26:57 PM
From: DWCraig	Respond to of 19428

Infostream, The guidance was: "Do 'em all in a basket & cover in 5 or 6 days or mix n' match." I followed that and you saw the result. Granted, it's not profitable to cover at a loss, but show me where Auric changed his call publicly. How were we to infer from his "cover in 5 or 6 days" that this actually meant "hold for as long as it takes"--? Yes, at this point most of those stocks have gone down. So has the overall market. But in between his call and today's prices, the market and those stocks all made new 52-week highs. For example, you point out that ZICA is now at $7, and he called it short at $10 5/8. That's a good 34% drop. But you forgot to mention that ZICA made a new 52-week high of $40 7/8 between Auric's call and today's price. That represented a 284% gain in price. And the others show similar interim gains. In fact, the average gain at the high point (again, between the call and today's prices) was 155 percent. I don't suppose you are advising us to take a short call that says: "cover in 5 or 6 days" to mean: "sell short and hold on for months if the trade goes against you, even if the drawdown is substantial." If you had sold short $10,000 worth of each of the nine stocks in the list (i.e., $90,000), the maximum drawdown would have been $139,069.71. I know, that assumes they all peaked simultaneously, and we both know they didn't, but you get the idea. Take ZICA. You short $10,000 of it at $10.625. It goes to $40.875. To cover at that point, you would have had to pay $38,698.22. Naturally, a 'smart' trader would simply wait for it to come back down, but that's a huge drawdown for a single play. The same is true of all nine of his picks. Yes, all's well that ends well, but if his short picks involve that kind of drawdown, I'll pass. I'd still like to see a 'Short List' that's updated and easily verifiable, but that's probably asking too much... Regards, DWCraig P.S., "pants full of brown"? I think your SI membership privileges are safe with that!

To: RockyBalboa who wrote (5514)	8/6/2000 6:21:34 PM
From: Sir Auric Goldfinger	Read Replies (4) \| Respond to of 19428

Thank you for your unbiased support and clear knowledge of the facts. To others who don't geddit or like it: go somewhere else or put me on ignore (I've done it to most of you flakes, why not reciprocate?). No need to worry though, the pikers all blow up and usaually takes 6 months max. And when I see the mini-mos in the bread line, I have no compasssion because they did not learn and they would not listen. No they has to be obnoxius punks. I just tell the driver to keep moving and to ignore their pleas for money, LOL.