Shorting SPY for fun and profit. Message Board

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Strategies & Market Trends : Shorting SPY for fun and profit.

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To: studdog who wrote (1)	11/7/1997 8:41:00 PM
From: Esteban	Read Replies (2) of 346

Karl, That darn SPY just isn't cooperating. It's been keeping losses pretty well under control these past couple of days compared to the techs. Are you still in or did you ever buy into some techs? Like I posted earlier, I bought AMAT QCOM and SGI. I'm thanking God for small favors that WDC never gave me the entry point I wanted. I hated to sell AMAT and QCOM today, I think they have more left in the tank. The downside risk of holding them through a possible market meltdown was more than I could stomach. Keep on posting. Creative ways to limit downside riks are a top priority for me in this market environment. Esteban

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