tag:blogger.com,1999:blog-6037843186882675213.post6662294002522952336..comments2022-11-14T20:17:18.298-08:00Comments on RealityTrader Blog: For how long can you afford being wrong?Vadym Graiferhttp://www.blogger.com/profile/15305351597783430611noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6037843186882675213.post-72301186754141729352008-03-25T11:40:00.000-07:002008-03-25T11:40:00.000-07:00No kidding about small float - it was under 1 mill...No kidding about small float - it was under 1 million shares if memory serves me right!<BR/><BR/>I shorted 1K at 21, added at 23 (funny to even think now what an idiot I have been), covered same day at 29 and watched in awe its march to 80.<BR/><BR/>What a lesson that was. Luckily, last one out of my "Big Three"Vadym Graiferhttps://www.blogger.com/profile/15305351597783430611noreply@blogger.comtag:blogger.com,1999:blog-6037843186882675213.post-74559044868286835482008-03-25T11:02:00.000-07:002008-03-25T11:02:00.000-07:00I can personally attest to the KTEL story. I was l...I can personally attest to the KTEL story. I was lucky enough not to short the stock at 20 mainly because I didn't hear about the stock until it was already 30. :) I eventually covered around 45. It was just too much. Although I managed to learn other ways to lose money later, KTEL was one of the first lessons that I learned about the stock market. Never short a stock with a small float. <BR/><BR/>If I remember correctly, the CEO did eventually sell some shares and pocketed a few cool millions. The company was eventually delisted.Zaijinhttps://www.blogger.com/profile/07214122280030958216noreply@blogger.com