Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Ploni who wrote (14249)	10/1/1998 7:39:00 AM
From: Pancho Villa	Read Replies (1) of 18691

>I was earlier short on CDRD and made some money, but there are a couple of things that bother me about shorting it again. First of all, I have seen that many stocks are either manipulated or very subject to hype, for example AVNT doubled almost overnight on leaked news that the judge wasn't going to halt their sales of their stolen product line. The stock has since slumped back to its levels before then, but not before forcing me to cover for a loss, wiping out my earlier gains in AVNT. < Part of what goes on is short covering. Stocks heavily shorted are much more risky (i.e., show high variability even though they are heading down). This is why I went back to my roots and I limit individual short positions to no more than 3-4% of my net worth, even if I am 100% the thing will go down eventually. The beartracker has a good one on this (guess who wrote it) beartracker.com

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