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Technology Stocks : America On-Line: will it survive ...?
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To: the Druid who wrote (8471)3/4/1998 6:20:00 PM
From: Pancho Villa  Read Replies (1) of 13594
 
>>It seems to
me that the professionals are bailing out in the vee hours
when the public can not participate. How smart!<<

I think we may finally have everyone scared shit...s realizing this market is grossly overvalued. Me, as you can see from my posts, I have been selling for the last four weeks. I now have a significant net short exposure of appx 70%, 40% long, 60% cash.

Note(long + cash = 100% portfolio value. I am short 110% of my portfolio value so my net short exposure is: 110%short - 40%long = 70% net short)

Pancho
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