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To: iceburg who wrote (231)7/20/1998 6:27:00 PM
From: simarx  Read Replies (1) | Respond to of 27722
 
I actually came out OK, but you are right I stayed in longer than I am accustommed. I was able to average my short when it popped on the false earnings report, and came out with close to the same as when it was at 5. That CBS Market Watch post saved my profits. And then I rode it up for another couple of thousand. So don't feel to bad for me.

My main concern is toward those who don't set limits in their head and take their profits. To hold this long is a gamble, and to hold it short is a gamble. With all the buy volume that is happening, the stock feels heavy. I believe if all that paper wasn't over-hanging, we would have seen it go much higher.

Both sides of the court have a good argument, that's why I will just day-trade it from now on, until the story starts clearing up. I feel very comfortable with its trading patterns now, so it will stay on my daytrade watchlist.