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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (119297)12/17/2000 7:54:53 PM
From: Jenna  Read Replies (1) of 120523
 
Shorters, anonymous. I don't believe them. They will tell you they are still short not during a rally but AFTER a rally turns out to confirm their short a few days later. I don't believe many short players can withstand rallies like the one in TIBX, CFLO and WEBM in December and I don't believe when they are short to the end. I have been short too much myself and jittery to believe an honest trader can withstand rallies like the ones we had in the first week of December. So don't follow these perennial shorters that say they will hold short through a rally, the only thing they are holding short are their britches and paper shorts. They have their moment of fame on Silcon Investor and perhaps in reality they are not even trading. These, my friends are trying times and anyone galivanting so easily through the garden of short plays at this time is playing with monopoly money.

I am buying puts with much caution and I can afford to be a little less cautious, and only holding 2 or 3 put positions for a number of days. I am also going long and holding a few calls through tomorrow and not one short. Don't get caught up with superlatives... we are short small positions when they warrant and long when we smell a rally. No one is buying boatloads except in their dreams.

Remember if there is a real rally, these short soothsayers will fade away like many a 'buy and hold' have faded from this thread these last few years. Anyone that can be so gung ho about positions is just not trading. I've been up through the night, sleeping little knowing the real landmines and dangers out there and others who are speaking about boatloads of shorts or longs are pulling your leg. There is no certainty about anything except uncertainty. So be careful, take small positions and don't get overextended because probably the only real money being spent is your own.
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