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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (33607)	10/9/1998 1:10:00 AM
From: Gerald F Bunch	Read Replies (3) of 132070

SB I shorted amzn @ 111 1/2 on Sept 30. I covered half of it today at 81. If you were in my shoes, would you cover the rest of it, and wait for a bounce to short it again? Or just sit down for the ride down. It makes me nervous, because I shorted on Aug 1 @ 106 3/4 and it went up from there to 118+. I held on in a highly agitated state of panic. When we had that 500+ point drop on Aug 31 I covered @ 92 5/8, subsequently it traded even lower. As you can see, I left a S load of money on the table. The point is, I'm not sure whether i need to cover the rest of it, and wait for another bounce, or just ride this sick puppy all the way down. Regards GB

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