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Technology Stocks : Seagate Technology
STX 258.21-1.7%Nov 14 4:00 PM EST
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To: Raptech who wrote (5742)9/21/1998 9:26:00 AM
From: William Epstein  Read Replies (1) of 7841
 
Raptech;

Shorting is never safe as it was really designed as a tool for specialists but if you did want to do it 24 3/4, in that area, would be the only place to do it. Anything much lower would be too risky.
The real trick with shorting is to never get too greedy. Cover before the specialist does and be satisfied with the profit because when he covers he moves very fast and may shut out little guys. It takes a cast iron stomach but the volitility in Seagate can make it a worthwhile practice. It is certainly no more risky than going into the options market ( Kamakasi, suicide).

Thank you, for the understanding but I have been blamed before although, no one will say it to my face. I am no guru or I would be Warren Buffet. Even David Rockefeller has been beaten up on the short side. Once, his grandather controlled the market along with Morgan, and Carnegie.
PHOTOMAN/William Epstein



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