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To: F The who wrote (6960)6/21/1998 5:45:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Sorry about your $7500 loss on your daytrade; I held my position and did not
specifically calculate how much I have lost that day. Again Glenn, sometimes we have to
loss to make money and another time, we get so lucky that thing turns to our favor from
day one.


Felicia,

I held 1/2 my day trade position. My typical style during uncertainty. A six pont drop on Monday with the present position makes all that back and more.

We are in the same boat. We have to realize though things are not equal. Sometimes we
have to put more capitals to make money. There are times when we are blessed for
making money easily and there are times that we have to struggle. Persistent and
consistency will pay off eventually.


Fundamentals eventually rule. They always have and they will here too. Patience is all I need. I did not do that research this weekend at least yet.

Glenn



To: F The who wrote (6960)6/21/1998 11:20:00 PM
From: Tom D  Read Replies (2) | Respond to of 164684
 
<<<The game is not over yet, so hang in there! I don't know
what Dr. Tom would say.>>>

Dr. Tom would say....I honestly don't know which way this is going. Some of my friends are a little miffed that I didn't try to persuade them to buy in at $30 a few months ago. But I thought the risk was too high. Its one thing to let profits ride with a mental stop at half the 52 week high. If I sell at forty, I've got a nice 3 1/2 fold profit. It is another issue altogether to buy in at these prices.

Glenn is right that if it was a good short at $45, it should be a better one at $80. But I have to question the wisdom of choosing to short a concept stock. I thought CDNW was a nice short and got my father to do so in the low 30's. (My money is tied up). I think there must be other internet stocks that don't have such apparently staggering upside potential which seduces so many investors. I have never lost money shorting biotech stocks on good news. That industry is pathetic--dominated by traders--most everything sells off after good news. But it is too technical for most people outside of the field.

If you bears are mindful of the risks, you may do quite well shorting this stock. Hopefully you'll get a nice pullback. I'd be happy to see you get your money back. And please understand that I don't pretend to know more than you. My personal history as an investor has been a mixed performance. We all are faced with evaluating contradictory pressures on this stock and we have to weigh them and pay our money and place our bets.

Because I did not see a lot of discussion among bears on the thread about the risks in the bearish strategy, I have been wondering about things like thoroughness and openmindedness. But I am now much more comfortable, now that you have listened to my worries about you all.

I do think we need to share information and perspectives and differing opinions.

Good luck to all,
Tom D