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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (40224)4/17/1998 3:30:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
FWIW

My own experience is that I get comments about my short selling all the time. They just roll off me because it's a view point issue. I don't even bother to explain.

On any given day I could have picked up a couple of points on the short side and left. Someone will laugh, see the market up 60 points, and call out "You better stop shorting before you go broke, Slev!".

Why tell 'em I might have made a serious amount of money in less than an hour?

The real edge in trading this with as limited an opinion about either the upside or down as possible is that we will be more prepared than most for a real turn.

Unfortunately this Kahuna stuff and my own enthusiasm for a nice decline influenced me emotionally, clouded reason.

If Darth is a Perma-Bull it's to be understood, I think, that he's running the risk of inflexibility. This puts him in a dangerous position so I, at least, am not stung by his observation.

Like you, I do concern myself that someone may have put on a trade because my view may have influenced them. Fortunately, however, I think the number of people that I could influence is at best small and except for TT no one trades spoos anyway.

I do understand why you are irritated, I'm just saying screw it. Not worth the trouble.
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