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Strategies & Market Trends : NetCurrents NTCS

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To: powershred who wrote (166)	10/4/2000 1:09:14 AM
From: Rob S.	Read Replies (1) of 8925

Objectivity and a combination of confidence and paranoia is the key imo. You need a little paranoia to keep you on your toes and honest with yourself. Selling short should not be treated lightly but neither should going long as many have recently found out (maybe for the first time or at least first time in a while). Being able to sell short effectively can not only be an additional tool to making profits but can also change the way you think about investing: ". . . I'm sure bondoogle.com is going to continue to go up forever or until it's cap reaches the gross national product of continental Europe. . . Oh my gosh, It just dropped 15% because the CEO quit and absconded with his personal secretary and the keys to the vault. . . Oooops I was wrong . . OK, I'm an idiot , , just sold short, weeee, it's crashed another $20 . . . I'm in the black and up 15%! Hmm, what's next out there that's worth buying OR selling? Maybe a company in the same sector." OK, an exaggeration perhaps but the jest of it is real. Instead of taking sides and feeling committed to holding onto your belief system, shorting can help free your thinking to greater objectivity and more appropriate and timely action.

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