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Strategies & Market Trends : Roger's 1998 Short Picks

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To: telebob who wrote (18221)6/15/1999 7:13:00 AM
From: Ploni  Read Replies (2) of 18691
 
One active short's thread is:
exchange2000.com

An extremely active thread is:
exchange2000.com
However, you must be very cautious with that one, as whereas Bill Wexler operates on a timeframe of months or years, Anthony operates on a time frame of minutes. He may post that everyone should short XYZ Corp., and then minutes later send Private Messages to everyone to cover. If you weren't aware of that, you might be watching the thread for hours or days during a short-squeeze, waiting for a message that resistance was futile and the stock should be covered, a message that everyone who had posted or e-mailed Anthony that they were short had received by Private Message much earlier. That thread receives so much attention that I feel the stocks sometimes crash immediately just from the selling pressure of the short-sellers. That may be illegal, especially since it is a coordinated effort.

Whenever you short anything, you must set a limit on where you will cover if things turn wrong. Some of these stocks are insanely overpriced, or fraudulent, etc., and still they double or triple or go up ten times.

Also, it's best of all to find your own candidates, rather than trying to follow someone else. If you end up being right, you can feel very proud. If you end up being wrong, it won't make you feel any worse than if you lost money by following someone else's tip, because then you'd feel wrong for having listened to them.
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