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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (8702)2/8/2003 2:02:46 AM
From: Mike M  Read Replies (1) | Respond to of 10293
 
Step 4: Exit strategy

<<To:tsunami who wrote (6432)
From: Bill Wexler Saturday, Jan 29, 2000 1:55 PM
Respond to of 8702

<<But in case stock continues to rise, what kind of exit strategy do you have?>>
I already covered VLNC once at 12.5 and reshorted above 17.5. if the stock continues to rise I don't think I would cover again and reshort, instead I would simply buy calls/sell puts to hedge.>>



To: Mike M who wrote (8702)2/8/2003 11:04:39 PM
From: Kevin Podsiadlik  Read Replies (3) | Respond to of 10293
 
So you're basically saying that Bill's shorts took it on the chin during the peak of the most irrationally bullish market in two generations.

If that's the biggest slam you've got, then you've got nothing.

P.S. I checked and found that I netted just under three points trading VLNC short in the midst of all that craziness. Not too shabby, eh?


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