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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (10349)	6/29/1999 1:18:00 AM
From: J.Y. Wang	Read Replies (1) \| Respond to of 18998

The reason some stocks appreciate after a sell/short-sell recommendation from the gurus is because it is incredibly difficult to predict a top for a stock, which is essentially what someone would be doing if a stock never appreciates after it is picked as a sell/short-sell. It is one thing to say, "XYZ blows chunks and will tank in the near future" and another thing to say, "XYZ blows chunks, will tank in the near future, and will never exceed the price it is at right now." The gurus are absolutely aware that it is incredibly difficult to predict a top for a stock and that is why they almost never short 100% of their allocated funds at once. Just because a short-sell pick goes up in the midterm does not necessarily mean the short-sell call was a bad call.