Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: philip maun who wrote (7196)	11/19/1997 1:20:00 AM
From: Dale Baker	of 9285

Phil, you are smart to start small. My shorts still figure in the 100's instead of 1000's because I know I lack the experience and the capital to play in a higher stakes game. One recommendation: before you initiate any short position, decide up front if you will bail with a 20% loss or you are willing to ride out a squeeze (and perhaps add more to your short). Once you decide, stick with your decision and don't waver. Indecision during a short squeeze will drive you nuts and make you poor. If you use stop-orders for bucking broncos like YHOO, AMZN or AOL, move them down each day when you are in the black. They may trip on the next rebound but you will lock in a small profit instead of seeing a winning position turn against you. FYI, I shorted YHOO briefly ten days ago through E*Trade but couldn't get AMZN. Haven't tried recently because their MACD charts show them headed up. Good luck.

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