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Technology Stocks : CLST - CellStar Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Pink who wrote (185)12/12/1997 6:40:00 PM
From: Jeff Tribble  Read Replies (2) | Respond to of 641
 
You can always tell when someone is a small fry by the way they reappear proclaiming victory only when a prediction of theirs happens to make a short-term move in the direction they guessed. You must be a real successful investor Mr. Pink to get so excited about a little move to the downside on CLST. Do you go 2 for 10 on your investments? Is this why you are dancing in the streets due to 1 short-term correct trade? Let's say you did short in the mid 30's, at $22 a share the stock is only down 37%. This is a good trade for you? This is cause for great celebration? Even if Mr. Pink was fully margined on his CLST short he's up 74% here. He's a lightweight that will cover at the first sign of any strength which will happen next week. Let's say ole Mr. Pink covers at $25, all of a sudden his gains on a fully margined trade go down to 57%. Now if Mr. Pink is a real player (which is very doubtful) he's in the 39.6% tax bracket on a short-term gain. Mark that 57% gain down to 34% after tax. The rest of us smart folks who bought at the first of the year are still up over 150%, have no current year tax obligation and will soon be back up 300% when CLST makes their qtr, gives guidance for $3 + per share for next year and announces higher availability of the high margin Startac phone from MOT which is making the 1st qtr of 1998 stronger than expected.

Really Mr. Pink, get some talent. Coming on here gloating over a little 34% after tax gain exposes you as the no talent fool you are.

JWT

YATZEE