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Strategies & Market Trends : Position Trading Forum
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To: Don Pueblo who wrote (6765)11/12/1998 9:29:00 PM
From: HandsOn  Read Replies (1) of 7247
 
Thanks TLC I have a large mortgage, wife and small son so I don't short stocks even though I have a margin acct. Why didn't Your friend have protective stop on His short. I am trying to learn how to start trying some options with money I can afford to lose. Shorting or buying on margin can backfire on You big time. A friend of mine shorted CDNW at 9 and then 11 earlier this week and covered for a huge loss late that day. Good luck to You and Your friend.
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