SI
SI
discoversearch

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.
Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?


To: HRAKA who wrote (7508)2/14/1999 1:12:00 PM
From: Jeff Sutton  Read Replies (2) | Respond to of 8359
 
"This is the way the world ends,
Not with a bang but a whimper."
-- T.S. Eliot, The Hollow Men

Somehow the words seem appropriate. It's a ghost town in here.

I see know people are trying to get there money back by day-trading ABTX, buying and selling calls, etc.

I'm tempted too, but I think this is one of the mistakes people make in trading/investing.

Why do we feel compelled to make lost money back on the same stock we lost it on? I feel, the same way, but it makes no sense (other than perhaps you know how a stock trades).

If you sell your ABTX stock, you now have whatever cash you sold it for.

Why re-invest in ABTX? There are fast-moving, more predictable stocks than ABTX, I'm sure.

I'm not sure what I'll do with the few shares I have left. Not at all sure ABTX is done going down yet, but I haven't heard anyone predict it will go to zero.




To: HRAKA who wrote (7508)2/25/1999 4:43:00 PM
From: taxman  Read Replies (1) | Respond to of 8359
 
"My Suggestion would be to look into selling [covered] calls"

i respectfully disagree.

this puts a limit on the upside with only limited downside protection.

if you're nervous, buy the put. still have unlimited upside and you're protected on the downside.

the premium may seem high in absolute dollars but it's not on a relative basis because this stock is very volatile.

regards