Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: James F. Hopkins who wrote (7877)	4/26/1998 4:08:00 PM
From: Dale Baker	Read Replies (2) of 18691

With KTEL or any other stock, if you can find shares to short, if you aren't up against margin limits, you can always buy at market whenever you like. Your scenario describes someone who shorted at 6 and didn't cover after the first bad day. They could have covered at the open on the second day at a bigger loss, but still not at 40. No one should have shorted a momentum stock with a 900K float. It's suicide unless you are very lucky. It comes down to judgment, deep pockets and cash management. Shorting momentum stocks isn't for the faint of heart. But let people learn from Roger. Even when he shorts CTXS. We all do it sooner or later. Track his trades and you will see he does it better than most.

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