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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (6571)1/16/1999 5:08:00 PM
From: Dave Shares  Read Replies (2) | Respond to of 43080
 
DBCC

First the longs made money (me included)
Then the shorts got rich and may get richer
I got 5 points or so short, but the real money was in finding the peak at $45 and staying short or trading short. I neither found the peak nor did I stay with the trade long enough for the real tanking.

But I have learned a real lesson (and fortunately, not by losing money) and will remember this for the next time.

David



To: jjs_ynot who wrote (6571)1/17/1999 12:30:00 PM
From: zora  Read Replies (1) | Respond to of 43080
 
All,

This scenario could well be repeated on NAVR/Netradio IPO. Buy it now and hold long. Sell it a day or two before the IPO comes out and with enough conviction, short NAVR the day of the IPO.

zora


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