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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?


To: Gil Gilbertson who wrote (1594)3/25/1999 11:56:00 PM
From: WebDrone  Read Replies (2) | Respond to of 2220
 
"Frantic Orthodoxy is never rooted in faith,
but in doubt.
It is when we are not sure that we are doubly sure." - Reinhold Niebuhr

Gil, all profit is a taxable profit. This will be a short term taxable event for me. Don't worry about the government getting the money I've made so far shorting JBOH. I got my head handed to me last year from a "story stock" that I fell in love with and simply could not bring myself to admit that I was wrong about. It's hard to admit one has backed a lame horse. It feels a lot better to me to be on the short side of this one. I have capital losses up the wazoo, whenever I feel like selling to offset cap gains, from a stock I just held on to in to the dust.

I don't think this is a ridiculous gamble- I think that small, no-name on-line brokerages will be outgunned on every front by the big boys. Small is bad, gorilla is good. I also think that I want to be short any on-line brokerage based on Windows NT heading in to Jan 1 2000. Windows... I have learned a lot about the service packs recently. NT is not prepared, yet- and it's awfully close to show time.

Hope you have taken some profits,

Web



To: Gil Gilbertson who wrote (1594)3/26/1999 12:57:00 PM
From: Patherzen  Read Replies (1) | Respond to of 2220
 
Gil: I am a JBOH long. Nice assessment of risk involved. I enjoy investing in up and coming sectors. Sometimes I daytrade stocks and others I hold long varying from 1 week to a year (tax time). We must always follow hunches aside from all that stats and hoopla. I like this company because they are advertising on TV, with larger companies= folks are finding they need a smaller company back-up in high volume periods where they can't get on-line to trade, management seems geared to cleaning up past problems and moving ahead in a positive direction, the float is small, and clients whose comments I have read say the site has all they need to get their job done (including level II). Bought Dell this week also. Next earnings report watch the run-up and all the shorts return here. They can be a brutal group so be forewarned. Best of trading also... Patherzen