Anthony @ Equity Investigations, Dear Anthony, Message Board

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

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To: Megabuck who wrote (55353)	4/30/2000 3:43:00 AM
From: Dale Baker	Read Replies (2) of 122087

I have been taking profits in shorts once they fall several points. My benchmark is usually their declared book value (probably crap but it's a convenient number). My strategy was to use small short positions to offset my long portfolio, and recycle short profits into more long shares at cheap prices. So far that has worked very well. I am not shorting EEEE myself because I don't like to hit a company trading at less than 1 times sales. But I tend to think EEEE will crash and burn anyway. I look for high price-sales multiples, low cash, huge losses and a profile that fund managers won't touch when they start doing DD on a stock. My success rate with shorts since March has been around 80%. I use a lot of stop loss orders to protect profits and cut losses when I am wrong. Good luck.

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