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Ascential Software Corp. (ASCL) Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Oct 31, 2003 11:22 AM Flag


    Shorted 5000 at $22.50 this morning! Will cover at $22.10 for a quick $2000.

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    • Guru,
      Did it ever occur to you that you could reverse your trades and make exactly the same return while significantly reducing your risk. All you have to do is to buy when you claim to be covering and sell when you claim to be shorting. You risk on a short sale is theoretically infinite whereas your risk on a long bet is a max of about $22 and more likely no significant rish at all since ASCL cannot go bk given it's balance sheet. Since the share price is climbing in the short and medium term, you also incur much less risk playing the long side. Your strategy is completely stupid given these obvious facts. You're swimming upstream when you could be relaxing and floating downstream like the rest of us. You would do well to put your ill-feelings towards ASCL behind you and start behaving logically.