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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: CAtechTrader who wrote (20579)	11/29/2000 2:55:25 PM
From: limtex	Respond to of 65232

CAtech - I agree about SSTI. What I don't understand is the 17m short position. I've seen a big short position before but this company just announced blow out eanings for Q3 aqnd then said they wre going to do $2.6 for cal 01. Do these 17m shorts know something we don't? Best regards, L

To: CAtechTrader who wrote (20579)	11/29/2000 3:01:59 PM
From: freeus	Read Replies (2) \| Respond to of 65232

SSTI Steal or no steal, ssti destroyed my portfolio (my own fault for not selling when Qcom rewarded my portfolio in Jan and staying in cash)....I finally got out at 20, very sad, and just this morning got out of most sold puts, all at big losses but oh well. Now I know the value of stop losses at 8-10% would have saved me a bundle on ssti. I will never understand it, but I know that fighting the tape always leads to disaster. Freeus (I kept 10 puts and will have 1000 shares put to me at 30 in January.)