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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Link who wrote (2904)2/25/1998 9:31:00 PM
From: Hank  Read Replies (1) | Respond to of 7111
 
I'm not panicing Dr. Link. Just attentive to the facts. For the time being, my data indicates that RADAF is still a hold, in spite of all the short selling. If I were panicing, I would have sold today prematurely. But I didn't because I think we are going to see a rally into the close on Friday, as everyone expects. I know you people don't like it when a short term trader starts to get nervous and edge for the door. It clashes with your long term mentality (although I'm willing to bet more than one of you trade in and out of this stock more than you'll admit). Call it a difference of opinion, call it superstition, call it black magic if you feel so inclined. Try as I might, I can't convert myself to the long term mentality. Not with the kind of return I rack up year after year trading.

I'm showing a profit in RADAF as of right now and I intend to keep it that way. I have no doubt that all who are committed to holding until Christmas will come out smelling like a rose. In the short term, however, one has to wonder why FAHN feels inclined to increase his short position 167%? He started shorting before last earnings and had a chance to take some profits off the table at 13 but didn't Why not? Is his client just some idiot with millions to lose? I don't know but I doubt it. There IS a reason for it. It's just that NONE of you know what it is, although you think you can explain it. I don't explain things. I watch and interpret. Then I act on what I see. If all goes according to plan, I realize the maximum gain I can acheive short term without sticking my neck out too far out.

Just a traders mentality. Simple as that.

Hank