Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (21298)	4/19/2003 10:17:33 AM
From: Shaw	Read Replies (1) \| Respond to of 21342

MJ, it seems that it was for the best that your broker didn't get your buy order in on time on Friday the 11, because the Monday the 14 final push to $5.00+ didn't hold come Tuesday. However your comment on Monday that "it looks ready" seemed well timed for getting out at $5.00. In the end I stood back from the trade, I was there, it was an easy trade to make, but I wasn't comfortable profiting on the situation with the fact that the stock wasn't holding $5.00, and I had previously made a number of posts directed to the effort of the stock going to $5.00. In the end institutions that can't buy under $5.00 or other buyers didn't step up to the plate. Based on other's comments, this probably was because certain fundamentals hadn't materialized yet. Anyway I didn't feel comfortable profiting on a run to $5.00 that wasn’t going to hold, where I had made public comments in support there of. With the run to $5.00 not holding it was likely that inexperienced people were going to get caught buying too late and selling at a loss or holding a loss. So I stood back from the trade and let the profits run like sand through my fingers. However I enjoyed the ride immensely the timing of the whole thing as it unfolded was so sweet. As for the one large buyer, I also want to stand by the stock and see him or her made whole because they took a big leap of faith when they stepped up to the plate and helped push us the rest of the way to $5.00. Another day will come to take a profit; in the meantime I will go back to being an investor and not a trader.