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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (18223)	6/15/1999 4:09:00 PM
From: Ploni	Read Replies (2) \| Respond to of 18691

Then things have changed. My one and only experience was when A@P posted a rumor that NITE had lost millions of dollars. I shorted and it started screaming upwards. Several hours later I and others asked if it was time to give up, and he responded that he made a list of people who had posted on the thread that they were short, and sent them PM telling them to cover. Since I and a few others hadn't publicly stated that we were following his publicly stated lead, he couldn't privately tell us to cover. NITE went on to double or triple within a week or so; it would have been a great long, but it was a very painful short. I pretty much decided then that I would never short again, and never listen to rumors anymore. This is the general problem with many people who give advice: they scream about when to initiate a position, and whisper about when to close it. The best advice regarding shorting is to only short frauds; never short just because something is extremely insanely overvalued.