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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (8075)12/10/1997 12:24:00 AM
From: Pancho Villa   of 9285
 
>>Most positions require patience.<<

Yes, short term fluctuations are random in nature. Earnings move stocks and they come every three months. Sometimes to see a clear trend you may have to wai for the negative story to unfold. In terms of being patient, what helps the most is being confident about your homework. You may and up being proven wrong but at least you will be at piece with youeself. Now, if the story turns against you and you see it then be wise enough to sell and do not continue to hold just to prove you have b...'s.

Pancho

Also, it you are uneasy about the short but still like it cut your position to the sleep level. Hopefully covering at some profit. I did this with IPIC. Cut my position in half posted here a detailed account with a rationale for my action (interesting reading IMO)
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