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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (57794)8/23/1999 9:43:00 PM
From: Mama Bear  Read Replies (1) of 86076
 
heinz, I do not accept the 'buy some or get mowed down' theory. Shorting is not impossible even in this environment. I collected a nice payday on IMAA today, down 20% today. On 8/13 I had one go into bankruptcy and get halted (IRIDQ) and closed an FIBR position short for a gain of ~30% in less than a week. Some friends of mine were short SNMM Friday when it fell 60%, and SBTK today when it did a swan dive. Some days I look at the longs going up and think I really should jump on the bandwagon, but I am outpacing the market, and when the market's turn comes, I have confidence that the doggies I short will crash even harder than they do when the market is headed up. The key is to avoid shorting the popular stuff, and to stick to 'mugging sick little old ladies' as I've heard this method of stock selection called. Good luck with your longs. I worry too much that Wile E. is going to realize he's fifty feet beyond the edge to go long myself.

Barb
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