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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: wallacestevens who wrote (42986)	1/14/1999 1:01:00 AM
From: JC Money - President of a Loca	Respond to of 119973

Wallacestevens, I do not short stock normally. There is just too much risk on shorting stocks. The only stocks I shorted in the past are ABTE, HEB, WDRY, CLCX, OWLD, NAVR - Made $ on all of them. When I short a stock, I don't go crazy like Mr. Pink (well, not that I have half of $$ that the pink guy has :-) I just look for SURE couple points. I did get greedy with CNKT though.. I felt pretty confident that CNKT will go down tomorrow. There may be an upward movement like today, though. Hope the gab is big like today so, we can both make $$$. That's what it's all about, isn't it? :) Good luck to you tomorrow. If I may give you an advise, don't try holding long positions for next few days or weeks. Market looks really volitile.. I would wait until MidEast and Clinton is in green. I lost my A@@ today on NSOL, CMGI and YHOO.. I could have sold for a profit couple days ago but I felt that those three won't go down with others. I was wrong! Still holding NSOL and VRIO (didn't tank much) along with small shares of CYCH. I might sell off ALL of them if market looks scray. I will loose my butt on those but heck, I would take the loss now than lose my pants later.. We all know that Inet stocks are overvalued.. I really felt that NSOL and CMGI was at pretty good level though. Get some sleep. Market opens in 8 hour and 30 minutes. :)