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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (19015)	6/7/2002 8:47:23 AM
From: Paul A	Respond to of 26752

Lee- I started shorting about 3 years ago.I was so excited at this new found method of making money I was shorting 95% of my trades.. All went well until I ran into ADSP.. It was a no brainer.. about 5 days from bankruptcy basicaly.. stock went from $1 to 10.00 on a cnbc mis-report.. anyhow- suffice to say, I put my entire account on it margin and all.. it opened the next day at $25, and I didnt cover.. in 10 minutes it hit a high of nearly $60 : ) I held, it collapsed, I got out without damage.. but my god- I will never EVER in my life forget that lesson.. I saw more accounts whiped out that day than ever in my life..