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Technology Stocks : DELL CLIMAX SITE

DELL 162.01

+0.6%

Oct 31 9:30 AM EDT

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To: Jeff Gurian who wrote (147)	8/6/1997 7:47:00 PM
From: Keith Zhang	of 158

Jeff, you may have misread my previous post: I mean investors usually long and hold long. The traders usually do both long and short. Yes, I agree the historical pattern the odds are in favor of longs, but there were times when the market is overheated as we have now, the odds (or more concisely probability) of certain stocks are in favor of shorting. But of course this is a very subjective decision. As in this mar/apr correction, I sensed the correction for network stocks, but did not act till very late because my (then) discomfort about shorting stocks. I did taste a tiny bit of sweets in shorting in Apr. I don't believe in random walk theory, so I think shorting is a legitimate trading strategy, to be used sparingly. I admit I am mostly an investor though. Sorry to everyone else for this is off topic. But I guess it is fine since all the fireworks are in the Dell thread, so this thread is neglected: Most of the bears thought the Dell climax is concluded, and the bulls believe they must defend the sacred altar against the gentile's abuse....

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