Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: sammy levy who wrote (9227)	1/1/1998 8:50:00 PM
From: Pancho Villa	Read Replies (4) of 9285

>>If we go short as an hedge for the longs,this means we donot trust our long picks.so this means we cannot trust our short picks either.<< You may trust your longs they may be excellwnt picks but when the tide goes down so do all the boats. Instead of timing the market by selling your beloved longs one possible strategy is to reducw your market esposure by going short. >>If we are not wizzards,and we go short/long,then we can also lose like bandits<< Even if you are a wizard short term things can get to look very nasty with your longs going down and shorts up. If you do not trust what you are doing you will end up selling your longs and cevering your shorts prematurily. Yes, shorting or even investing is not for everyone. >>The hedge should be via puts/calls etc (something which i have no experience with)<< Actually many wise people Lynch, Buffet and others do not use options at all. Most experts recommend to use them with care. Sorry I can not give a lenghtier answer but I am packing to leave Brasil tomorrow. Do a full text search with the words pancho and options to find out what I think about this from previous posts. Pancho

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