MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Casaubon who wrote (55036)	6/22/2000 6:23:00 PM
From: HairBall	Read Replies (1) of 99985

Casaubon: I am not sure you have given the thread enough of your reasoning or strategy. If you are trying to hold long positions while hedging them using indexes...I suppose it can be done, but it would depend on the stock, the index being shorted and the allocation of each. Nothing wrong with going short, while going long...if that is what your asking. If you are trying to hedge, you might consider hedging via options (not my speciality) or boxing the position with a short position. Frankly, if I have a stock declining on me, I sell it. I pay my cap gains as I go. I never let taxes influence a trade or investment decision. I have seen to many folks get burned big time holding on to a falling stock trying to avoid paying taxes and they do...they no longer have any profits...<g> The worst trades I have made over the past two years has been holding on to losing short positions fearing I could not get another equal borrow if I cover. I no longer hold a short if it goes against me. If I can't borrow the shares to short again if it reverses and continues down as originally expected...I just write it off as a missed opportunity. There will always be another opportunity...always! Regards, LG

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