Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Dale Baker who wrote (55308)	4/29/2000 2:35:00 AM
From: Anthony@Pacific	Read Replies (4) of 122087

Now wait a minute when I shorted TERN @ 170 and covered at 64..I( made just as much cash as the guy who who bought at 64 and sold at 170 on the way..up and the cash required was very much the same.. long at 64 X 70% X 1000 shares on margin( assuming you can even get that nowadays) = $44,800 sell at 170 = return of $ 106,000 bucks = 236% ---------------------- Short @ 170 X 1000 shares requires a deposit of 51,000 bucks Cover @ 64 = gain of 106,000 bucks = 207% ---------------------- Thats the true story, if you r firm doesnt allow margin on turd stocks than the return on th elong side is reduced to: a measly 165 % The short was better pecernt wise yet everyone made the same exact dollar gain Playing the percent game is nonsense. Consistancy is the key.

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