Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : 1000% returns are cool !!! -- Ignore unavailable to you. Want to Upgrade?

To: Marq Spencer who wrote (3257)	8/24/2000 9:04:23 PM
From: If only I'd held	Read Replies (1) \| Respond to of 3326

Actually Marq, I came out of it smelling like a rose to be honest. When the earnings came out, I averaged up to the full 100%, and covered 3 days later. That's why I seldom ever go short 100%...especially on the first round. The call was for a 20% position I beleive. I thought about stopping out, but the trade was pretty well against me, and I just kept thinking about that enourmous loss they posted and the fact that they burned up their entire wad of cash in one qrtr, and would have to start using their working capital to survive. So I went in all the way and covered it just above 100. It's very overvalued, but then...it's still a stock selling scheme..so.... Funny how the street doesn't care if one company is running out of cash....and yet they kill others for it isn't it? That's the sign of a stock selling scheme as far as I am concerened. This market is not about valuations, fundamentals, etc....It's about investment bankers and their wheeling and dealing.