Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: sheldon spivak who wrote (15359)	11/11/1998 5:30:00 PM
From: Roger A. Babb	Read Replies (1) of 18691

Sheldon, thanks for the encouragement. Fortunately I only covered half of my short yesterday, so today helped about half as much as yesterday hurt. I will be watching the open carefully in the morning. It may be that the Internet party is over. I guessed that it was at a top yesterday when I covered half knowing it was probably a wrong move, but I have fixed rules about when I start to bail out of a position (based on position as percentage of my account) and we reached that point at $180. My rules are designed to allow me to sleep at night! But today I should have put the short back in and did not have the guts so I watched it go down with only half my position in place.

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