Strategies & Market Trends | Mr. Pink's Picks: selected event-driven value investments


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To: xcr600 who wrote (4208)10/16/1998 8:33:00 AM
From: Bob Trocchi   of 18829
 
xcr600...

>>PVN: Ok, who's still short?<<

I am way underwater on this one and still holding however I think it will continue to go up.

I learned a lesson on this one. Shorted in low 50's and got a call from my broker to cover when it hit 43. Yup, I still use a broker as I value the advice I get from him. Well, this time I did not take it and the rest is history. Lessons learned.
1. Anytime you can take a 15% gain in a day, take it!!! Don't be greedy.
2. Stick to what you know. PVN is one of the few times I have ever shorted based on recommendations from the thread. I usually stick to tech stocks since I do not know enough about finance stocks and find it very difficult to understand their financial reports.

All in all a good year on the short side and actually a good year on my core long term long stocks and Mutual funds.

A few more PVN's however and I will not be able to say that.

Good investing to all

Bob T.

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To: Stockalysis who wrote (4214)10/16/1998 9:18:00 AM
From: RockyBalboa   of 18829
 
ALERT15:13 Radcliffe Mitchell withdraws offer to buy Resource America <REXI.O>


EOC (end of Company)


C.

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To: Bob Trocchi who wrote (4224)10/16/1998 9:33:00 AM
From: mod   of 18829
 
Bob,

I happen to know a bit about financial stocks, and have to say that it historically has not been a good idea to be short financials while the Fed is cutting rates.

Mr. Pink has apparently abandoned PVN as a short, if your sole reason for shorting was his recommendation, you might want to consider following his lead again.

Dennis

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To: TokyoMex who wrote (4202)10/16/1998 9:54:00 AM
From: Spunky Beaver   of 18829
 
Hey Tokyo,,

Unlike the idiots that are stupid enough to waste their time listening the drivel that you,, a washed out restuaranteer,, produce,, the vast majority of folks that follow this thread are smart enough to use stop limit orders so that when the tide turns against them they can get out.
Now,, since you are the only person that is vain enough to profess to have never made a bad investment decision,, I guess you aren't real familiar with stop loss orders.
Sure,, I lost a total of 4 points trying to short the artifically propped stock,, but I've made a whole lot more in other short positions in the last 2 months. I will get my 4 points back from PVN in due time,, but I'm not sweating it,, ;-).
By the way the last person that told me to burn in hell,, perhaps a protege of yours named Manfred,, is now working a second job serving promme-frites at the McDonald's restuarant in his home town of Brussels, Belgium because he lost all his money following your advice and going long in CCSI, TAVA, etc. Now that I understand that your restuarant has followed a similar fate as Manfred's money,, perhaps you could prepare a sushi enchilada,, take a swig of a saki margarita,, and take your place at McDonald's on the burger assembly lines where your skills in the restuarant business may find some improvement,, ;-),, ;-0,, ;-),, ;-0,, !!!!!

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To: Muhney who wrote (4220)10/16/1998 11:24:00 AM
From: Sir Auric Goldfinger   of 18829
 
PVN right now if you've the cajones.

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To: Sir Auric Goldfinger who wrote (4228)10/16/1998 11:54:00 AM
From: GT   of 18829
 
EFII - go short now while its still high - 4 points down by next week.

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To: Sir Auric Goldfinger who wrote (4228)10/16/1998 11:59:00 AM
From: Dr. Seuss   of 18829
 
Auric,

Added this am to my short position (from 61). Hardest thing I ever did, but I'm feeling a lot better now.

Market up, PVN down 2 3/8.

DR. S.

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To: Dr. Seuss who wrote (4230)10/16/1998 12:14:00 PM
From: RockyBalboa   of 18829
 
In PVN at 76 7/8 but where is it now?? My quote servers went off duty, DBC broadcast shows it somewhere in the 74s now?

C

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To: Dr. Seuss who wrote (4230)10/16/1998 12:17:00 PM
From: Spunky Beaver   of 18829
 
Dr. Seuss,

I'm testing the waters on the PVN short again. I think that now that Prudential got this puppy back up in the mid 70s we are going to see some selling now and next week.

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To: RockyBalboa who wrote (4231)10/16/1998 12:18:00 PM
From: drakes353   of 18829
 
Christian:

PVN last at 73 11/16ths. Any comments on my post from last night?

drakes353

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