Hi Tim; Look hard before you short, and know that you can not
just short and hold..unless you are a mutimillionare..with mucho
cash in your account. With out stop losses, the second your account hits the limit were you can just buy the amonunt of AOL you have shorted, you will get bought in by your broker..they will sell
every thing you have at market to do it to ! They don't lend you
money to short with.
Some shorts are using calls they bought a long time ago to cover
their positions, they can hold..untill the stock gets called.
The stock will get called if it drops very much, ( at that point
you get bought in ) only insiders make money shorting..if you
happen to get lucky one or two times, belive me it just sets
you up for the big hit. Individual shorters get gut and gilled
by the Big boys..they don't mind you winning a few, as they know it
will bring you back to them. Short and hold, and wake up with your
account cleaned out..to find you got bought in by your friendly
broker at some high price just before she droped..and they sold
all your other stuff to do it...and you gave them the right when
you signed to buy and sell options,,,it's all there you gave
the rights to them ..and even aggread you would not hold them
responsiable in court. If you don't have calls to cover, better
not short, the 144s filed could be smoke..they love people
shorting this stock..that's were they have been making the money
AOL the company hasn't made any :-) but the sharks are cleaning
up..I looked at some long term puts, but they are very pricy for such
a hot company..that's going to blow the doors off earnings..
Jim
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