Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (6830)	11/11/1997 8:20:00 PM
From: Pancho Villa	Read Replies (1) of 9285

Roger, IMO I know I am not the one driving your car or anyone else's but I agree about extending the short. However the reason for my message [which I must warn everyone contains a risky piece of advice] is to try to avoid the mistake of covering a short too soon in this market environment. Be patient, let the short play out, hold!!!. Recent dangerous shorts I blew were INTC covered at 85 5/8, and WLA covered at 146 (look were they are today!). But the excuse is I covered before grey Monday, I really thought then this market was going to reach Japan proportions. The upside risk, IMO, is no longer that great. Of course, if you have a tremendous drop in price you can't resist!... then cover! But do not hesitate to short the stock again [even at an opportunity loss!] if you feel the thing will keep on falling like a rock. Just some foolish advice, Pancho

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