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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (12551)2/20/2002 7:54:41 PM
From: Steeliejim  Read Replies (2) | Respond to of 23153
 
Thanks, Michael. A thorough report which tends to add another sample to my data base confirming that the naysayers of a co's. prospects are as guilty of hyping their negative spin as the pro-stock hypsters, maybe even worse. However, they get it right just often enough (eg. AREM, GX, LHSP) that it gives pause to potential bottom fishers, and causes weaklings to bail--even institutions (maybe esp. institutions). I don't know how NXTL is going to play out LT, but Soundview's opinion re. NXTL's debt being manageable seems right based on the info. that's out there. If so, NXTL will be due for a much bigger pop than what I booked, but that's ok. I seem to be bailing a wee bit early on most of my ST plays, but I have been bailing with profits, and it adds up.

There's a lot of anticipation building for NXTL's earnings manana, but I wouldn't hazard a guess as to the psychology that will drive price. I did believe that the heavy selling yesterday, after a mostly down pattern over the past couple of weeks, and no NEW news, set NXTL up for a relatively low risk reversal.

When I have the courage of my convictions, I tend to buy even more as the stock goes down, but I jumped the gun on my signals so badly, I must admit I had my doubts after it declined even further after my buy. The signals at close yesterday finally were set up for the reversal I was looking for during the day. So I hedged my bet by not buying more, but not selling either. At least not until I reached my modest goal, and felt vindicated.

I suppose that's dangerous. Hanging onto a stock in the hope of being vindicated. OTOH, I suppose that same attitude of confidence is what allows one to be willing to buy when it appears no one else wants to. And, it's all about managing risk.

Jim