Pancho Villa's Short Analysis File Message Board

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Strategies & Market Trends : Pancho Villa's Short Analysis File

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To: TRIIBoy who wrote (55)	10/19/1998 10:57:00 PM
From: Pancho Villa	Read Replies (2) of 287

All kinds of garbage stocks are going up. I have not covered anything since the market started going up. my rationale is that the garbage I am short should not return 20%+ during the next 12 months but -20%. I have no way of knowing how bad volatility will be but IMO it should tamper down as a significant fraction of the shorts have already covered. Lot's of people are very short term oriented. Well you have to do what is right for you so i won't comment on whether it is right to cover now or not. As far as OMPT is concerned, I continue to think this company will have to file for chapter 11 at some point.

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