To: c.r. earle who wrote (30111 ) 5/6/1999 9:21:00 PM From: bigdude Read Replies (3) | Respond to
Earle: Shorting this stock should be left to the Pros....but even the pros are taking it on the chin in this one due to its very unpredictable trading nature. Not too many people I know are bragging about the money they made shorting this stock. Very Dangerous Game for all but professional traders. The pros that will be successful will time the momentum going out of the internet sector and begin piecing out stock gradually, but always being prepared to weather through a sizeable run up, if they are too early. I remember shorting very volatile stocks and having, on at least two occasions, having to weather a double.... in one instance I covered and lived to fight another day and the other one I stuck to my fundamental view and it promptly went to zero. I later made my money back by shorting the first stock at almost triple the original price I shorted it at. I shorted a stock some months ago at $7.00, it is now clearly worth zero, but was "short squeezed" and had to cover at $1.50. It sucked, but shorting has its own rules and it takes time to learn them. I should have locked up more stock early in the game.
