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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: heenalu who wrote (6003)	11/7/2001 8:31:03 PM
From: Druss	Respond to of 6873

heenalu--I can't say how Michail feels about it but I can sure say how I do. I would rather kick a tiger in the butt. At least I have a health care plan with only a $5 deductible. I shorted KTEL the first day it ran up. Next day early I was bailing with hideous losses. Took a long time and a lot of safer, saner trades to make that one up. I will omit some other experiences with small float stocks but they are generally all bad. I won't short anything with less than 10 million float and if it is a high profile short with a lot of shorts interested I want even more. The small floats are very volatile, squeezes are common, and often you cover thinking I will just jump in higher and then you can't get shares. If the stock attracts day traders and momentum players the runs can be horrific. All the Best Druss