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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (651)11/26/1998 10:51:00 PM
From: Tom Hua  Read Replies (2) | Respond to of 1634
 
<<and maybe there are some out who remember the WCAP/COOL mess. >>

Christian, I remembered it alright. I was one of the unlucky ones who came to the party late and paid for my mistake. The expectation for a high COOL open drove WCAP to $13 the morning of the IPO(from low single digits weeks before). As soon as COOL opened, WCAP sold off immediately, when it bottomed out at $6 before the close I bought in. It closed at 5 5/8. Three days later, I sold for a 30% loss.

This time I'm doing the opposite. Short MALL when UBID debuts, wait a few days and cover. But it all depends on how much UBID will open at.

Regards,

Tom