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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Rajiv who wrote (9793)6/9/1998 4:38:00 PM
From: BelowTheCrowd  Read Replies (2) of 18691
 
Just the kind of characterization we don't need...

> Professional short-sellers are a vicious bunch: they grab, hold, kick, and bite in an attempt to frighten longs out of their positions.

In my experience, professional short sellers are well-reasoned, better informed than 99% of other investors and "analysts", fairly quiet, calm and confident in their own ability to be right despite whatever hype is being put out on either side.

Seriously, how often do you hear about George Soros hyping his shorts? Or Julian Robertson? Or any of the other big hedge-fund runners? Usually you only hear how much they managed to make AFTER the bad news finally comes out and the assets they shorted are reduced to rubble.

Unfortunately, the last few years of stock mania have caused the field of shorting (like the options markets) to be infected by know-it-all hypesters with little knowledge or respect for the markets they're dealing in. This mania will pass someday, which is probably the best general reason for being on the short side.

mg
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