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Politics : High Tolerance Plasticity
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To: Think4Yourself who wrote (7435)9/5/2001 9:09:03 PM
From: Sweet Ol  Read Replies (1) of 23153
 
JQP. I am one of the shorts you talk about. I simply look at the trends and short things that are going down and buy things that are going up. Sometimes I do both on the same stock as it goes up and down. In other words, "the trend is my friend" and I try not to swim upstream.

Mostly I look at the TA, with some FA taken into account. I love stocks with big PEs that are in a steep downtrend. I think most shorts are doing the same thing. When the market turns around we will go long. I have a real hard time figuring out how to make money on the long side, but it has not been so hard once I convince myself that I could short the same as I could go long. There are a few differences and I think of them mostly as short term swing trades and I will be out of them when the conditions change.

The alternative is to try to pick a bottom and buy ahead of it. People have been seeing a bottom for more than a year and yet the major indices are in down trends.

There is no question that I will not be able to get out at the bottom because of the mad rush for the exits whenever it happens. But, I bet I can get out and get long at as good, or better price as you are doing by buying today.

Different strategies designed for the same end. We can both win if we are careful and lucky.

This turned into a long sermon, but I really just wanted to say that shorts are not some conspiricy, just someone else trying to make a buck in the market.

Best to all,

JRH
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