Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Huey Alexander who wrote (13517)	2/22/1999 1:32:00 PM
From: Kailash	Read Replies (1) of 122087

Huey - the main lesson is never to do what you just did, seriously. Shorting is more dangerous than going long and fatal if you don't leave enough margin. There are recent posts on this thread suggesting reasonable parts of your balance to sink into one stock (or even one group of related stocks). The main danger is a short squeeze, a deliberate manipulation of the price upwards to force shorts to cover on margin. A@P's group could pose a tempting target for a short squeeze! The other danger is simply that the stock moves up for some reason you won't ever know. It's really hard to give advice about the kind of situation you're in since the stakes are so high. The simplest thing to do is just to reduce your position until you feel comfortable; don't stake everything you have even on the surest bet. You'd lose something but you'd stay in the market, which is the main thing at this point. Don't get me wrong: I think MHMY will go down and have a large stake myself. Since it's drifting lower right now I would lighten up a bit and make a note not to go in so heavily again! Kailash

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