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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?


To: Greg Jung who wrote (3634)10/8/1998 1:26:00 PM
From: carolyn walder  Read Replies (1) | Respond to of 10309
 
Greg - There a several reasons why you would not want to sell a stock, taxes being one. There are other ways to take advantage of volatile stocks, particularly with options. I sell calls on my stock when it is up and try to buy them back when they are cheaper. (e.g.,I recently sold the Oct 40 calls for 6. As for the question of why the stock is so volatile, try...relatively smaller float, fewer market makers, and the fact that it is a tech stock for starters. Of course, everything is relative and the volume/liquidity seem to be improving...

As for the "short-seller" label. I respectfully disagree with your contention that selling your stock makes you a short-seller. Short-selling is selling someone elses stock with the hope that you can buy it back cheaper, and is the opposite of going long. Selling your stock puts you in a neutral position with respect to the direction of future price movement...

Carolyn



To: Greg Jung who wrote (3634)10/8/1998 4:03:00 PM
From: Mike Milde  Read Replies (2) | Respond to of 10309
 
<< If you can't sell when they're up, you shouldn't be invested. >>

Warren Buffet did very well without worrying much about when to sell.

Mike