Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: DM who wrote (8586)	2/10/1999 9:39:00 PM
From: Trader J	Read Replies (4) \| Respond to of 56535

***All: ASCT - Let me give you my thoughts on this issue now, as it seems many of us are holding this issue, wondering what is to come. Firstly, I think the variables have changed a bit, and I want everyone to consider at what cost basis you have this issue. Secondly, I want you to consider risk/reward. I find myself, especially today, growing uneasy with the masses that flooded this issue the past couple of days bringing up the volume and along with it....price and volatility. So much concerned, that I myself holding 11,000 shares was no longer able to tolerate the risk/reward ratio and current levels. I try, always, to remember where I have come from....and with ASCT, it was the 4 and change level. Along with the volume and TM, came expectation. And the same expectation that brought us to 6 7/8 could just as easily lead us back to 4 and change......regardless of the rumor that is currently moving the stock today. We, who have been following this stock since early December have expectation in our eyes as well, but at some point you must not see the finish line, and instead see checkpoints along the way. The way that I see it, today, was that how much was it worth for me to lose in order to see the rumor pan out. I fear that if this rumor is not true, that the masses will sell tomorrow and not look back....leaving us who have followed the rumor since day 1, back where we started, having gained nothing. I decided to not let that happen today. I sold a good portion of my shares with the expectation, as always seems to happen, that the traders will tire of the game into tomorrow and will dump their shares before close of market tomorrow. This is just a guess on my part. The risk in selling 1/2 my shares today is that if the rumor indeed does prove, I will miss a big gain......but that is the risk reward. I would be just as happy reducing my gain knowing that I also reduced any loss from current levels. I have NO idea how this will play itself out over the next couple of days but I urge each one of you to determine your risk/reward level and act accordingly. My personal plans are to repurchase some of my shares a few minutes before closing tomorrow..... or, in a sell-off, sell my remaining shares and look to reenter a few minutes before closing. Please trade smart, and remember where we came from. Tj