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Technology Stocks : eidos--maker of Tomb Raider -- Ignore unavailable to you. Want to Upgrade?


To: THIERRY ANNEZ who wrote (1655)3/18/1999 1:10:00 PM
From: AJ Berger  Read Replies (1) | Respond to of 1773
 
Hahaha, you got me!

yeah, I covered half today just out of habit.
I believe if you have a 30% loss, you should
not double down, but close that position when
you were clearly wrong. I still believe this
is a great short, but with so little stock
around and no coverage, anything can happen.
the news around the stock is not so great,
and it's price is too far ahead of others
in this sector, but I was obvioulsy wrong
to go short despite it's history of seasonal
price movement to the contrary. This ADR
is spooky. I did'nt even see my trade on
the real time even though it clearly went off,
and the way it shows volume even when the
orders are cancelled is another strange
thing that makes trading this stock dangerous.

I hope people who I encouraged to take profits
after earnings at $24 are not too sore at me.
It seemed like the best course of action at
the time. Really little has changed since,
but there simply was not the amount of selling
pressure that I though I could count on to get
the price down after earnings. Perhaps the lack
of coverage is to blame, as the stock as an
earnings play by short termers went unnoticed,
so there simply were fewer people likely to sell.