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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Ploni who wrote (7160)4/16/1998 4:49:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 18691
 
Yes Charles, you do seem to be snakebitten. Perhaps you should start doing the opposite of what you think is right. No offense, I swear it's what I did when I changed my luck. Avant! is a little different than my normal shorts, as it has earnings and real products and customers and like that. Since we didn't see a release from Asensio concerning the earnings report, I think it's safe to say that he is out. I will probably be covering that position soon. I covered my "trading" shares today at 18 7/8, which was +1/8 (hey $100 is $100). There are just too many companies with no earnings and no hope to mess around with a talented con man (in my opinion) like Mr. Hsu.

The thing about stocks like PNDA is they always come back down. My last short there was (on the way up) 5 9/32, 5 3/4, and 6. It opened at 7 and went to 7 1/4 the next day, but I covered at 4 19/32 for a 15+% profit. I tried to short again when it went back over 5, next time I'll just hit the bid instead of messing around trying to get the extra 1/16 on the ask.

Barb