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Re: jabberstox post# 2673

Wednesday, 08/09/2006 9:27:03 PM

Wednesday, August 09, 2006 9:27:03 PM

Post# of 55256
i'm not telling anyone what to do with their shares, i don't own them, i am just saying i spend alot of time reading charts, looking for patterns in charts and am fairly good at it, am i always right, no way, i'd be retired if i was always right, i compared the two spikes and the techs for hours and saw that pattern, i already had looked at the old short data many times before the last spike, there were just too many consistencies in the candles and the short data to just ignore that data, that old short PR with the .13 cent trigger is no longer valid, those shorts covered long before the last spike, this is a new crop of shorts now, plus the bollingers are way wide open and won't support a new large run unless an incredible news release comes out, and i'm still sticking with a new short run tomorrow, same as first run, there are some killer stocks out there that release phenominal PR after phenominal PR and their pps just keeps going down because the short position is just that large, unfortunately, i can't find recent short data on WWEN so i am basing everything on prior performance

as to your large pos, you are certainly in a dilemma if you want to sell them all, yes that will create downward pressure, but you might consider flipping some if the opportunity arises, you need to think about this also, if the price is flying and and your sitting on such a large position you should start thinking about selling long before the buying tops out, if you don't time it right the way this stock moves it could drop .30 - .40 before half your shares are sold, a good startegy to have is to have your sells set before hand, like when it hits this pps i will sell this many and so on, unless of course you are in for the long haul and if thats the case, i wouldn't even be reading this board, i would put my sell in for 10.00 and go on about my business, if your holding 1 mil(guess) shares there's nothing wrong with trying to flip 250,000, thats how people get mega rich, do that 4 times and now you have 2mil and maybe extra cash in the bank, if the mm's are going to play it why not you