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To: Mongo2116 who wrote (1204)6/30/1999 8:42:00 PM
From: Mike M  Read Replies (2) | Respond to of 2514
 
...that's why they build a position instead of jumping in with both feet and trying to guess the top.

Gene, these guys have been jumping in with both feet for some time and all are trying to guess the top. There is no other reason for the insanity of shorting a stock which doesn't want to go down. I have been shorting stocks for 30 years and have learned thru the proverbial school of hard knocks when to get out of the way of a moving train that I do not understand.

When the elephants are building a position it is not smart to take them on.