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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Rob Anderson who wrote (6661)	7/3/1999 10:23:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 10081

I don't short regularly, and when I do, it is only large cap stocks over $75 and volume over 5 million shares a day, and for which there is a susbstantive and prolonged reversal in place. An example would be GM in May at $89, AOL from the $120's to low $90's, KO in its obvious swing when it falls off its $70 upper resistance again early this month. There is substantial risk in shorting GMGC (and anything else) in my opinion. Plus, since greater profit lies in long positions, and since I am long and would like to see that movement, it would be counter-productive to short it. As for the run up from $1.50, I respect that a stocks price reflects what people are willing to pay for it, regardless of any other criteria. Once the market exhibits a buying/selling pattern, I attempt to take advantage of that, and always to the long side. lastshadow