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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?
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To: Monty Lenard who wrote (652)6/5/1999 8:27:00 PM
From: Tommaso  Read Replies (1) of 1390
 
As I have said before on this thread, I am afraid to short any individual stock, no matter how overpriced. But I do hold LEAP puts on Schwab, which apparently some people are so confused about that they think I am shorting the stock.

Bill Fleckenstein thinks Schwab is a good short (or did, at higher levels) because it is not as volatile as Ameritrade and therefore less likely to wipe out a speculator. If you have plenty of cash to margin, the short should be profitable--though with lunatics ready to pile in using credit from whatever desperate source they can tap, there is no telling what jigs and jags could occur.
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