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Theragenics Corp. Message Board

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  • wheizer wheizer Dec 5, 2000 1:40 PM Flag

    Good level of discussion...

    Generally when I short term trade a stock it is
    one in which I already hold a position and believe
    that it has good long term potential.

    Not sure
    of your rationale of looking for a quick return on a
    stock that you think will go down in price. I don't see
    how a change in interest rates or settlement of the
    election would affect this stock more than others. There
    are plenty of other stocks that have a good long term
    potential if the short term pop doesn't occur. Could you
    give us further insight into your thought process?

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    • You stated: >>> Not sure of your
      rationale of looking for a quick return on a stock that you
      think will go down in price.<<< I think you
      must have misunderstood what I said. I never said that
      I think TGX will go down. I stated that I don�t
      believe that with all its problems and under the present
      management that TGX is a good long-term investment. That
      doesn�t mean you cannot make a short-term profit on
      it.

      You stated: >>>I don't see how a change in
      interest rates or settlement of the election would affect
      this stock more than others. <<< Once again I
      never intended to imply that these events would effect
      TGX any more or less than other stocks. In fact, if
      you read message 13701 to Big Dog, you will see that
      I specifically said the same events could cause
      other stocks to go up.

      You stated:
      >>>There are plenty of other stocks that have a good long
      term potential if the short term pop doesn't
      occur.<<< Very true, however, I�m not investing in TGX for
      the long-term. I�m only in for a short-term pop,
      which by the way hasn�t happened yet for TGX. I
      definitely don�t want to hold this stock beyond the next
      earnings announcement. I have watched this TGX since 1997
      and have enough experience to fairly determine how
      major events effect this stock. At one time TGX was a
      highly volatility stock but since has lost some of its
      pep. However, certain events do have a tendency to
      cause the volatility to temporarily rise. On any given
      day, this stock can go up 10% or more. In addition, I
      am limiting my downsize risk because of the low
      price of TGX. You can�t drop much further on a $4.50
      stock price versus a $45.00 stock price.

      I hope
      this clarifies my position.