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To: Trader X who wrote (10320)12/12/1997 3:46:00 PM
From: James H. Irwin  Read Replies (1) | Respond to of 17305
 
I have a friend who used to work at the Feschbach Brothers a long time ago. Most shorts do very diligent work digging into a story like a tick. When they get ahold of a story, they usually are rewarded...the pain is in being too early. The problem is that you have to be to initiate your position. I'm short 1500 shares: 1000 at 31 13/16 and 500 at 31 7/8.

You might take a look at DIGL as well: 18 million TTM revenues with a 475M market cap. Numbers on First call are at 51 cents but First Boston is at 60 something cents and I think Tucker Anthony is at 43 cents. If growth rate comes down will the multiple of revs/earnings come down as well. Short 2100 at 18.

Good luck, and nice to know you did a little follow up. Will try to keep everyone posted as to when I cover.

Ciao

Jim



To: Trader X who wrote (10320)12/12/1997 9:11:00 PM
From: Michael Davis  Read Replies (2) | Respond to of 17305
 
As one of the "inexperienced" investors, I appreciate your posts and comments. I can't help but feel you held your tongue out of good manners or whatever, while Andrew was talking about how good BYDS was at 8, and 6, and 4. Perhaps, I could have saved thousands of dollars had I not tried to catch the proverbial knife, or had at least bailed out immediately with just a small loss.

But, I still have capital and as Chumba Wamba sings..."I get knocked down, but I get up again..."

Also, I have no animosity against Andrew or anyone who leads me to or away from a trade. I'm a big boy and take full responsibility for my actions.