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To: Steven Ivanyi who wrote (19771)8/16/1999 7:15:00 PM
From: bodie  Read Replies (1) | Respond to of 25814
 
<<<The trick is to identify a stock in a confirmed downtrend and then short the rallies as they reach resistance levels. Works like magic.>>>>

Have you tried this with any of the Internet stocks, and were you successful?

thanks, bodie



To: Steven Ivanyi who wrote (19771)8/16/1999 7:16:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
I don't believe in shorting stocks. The deck is stacked against the guy who shorts the stocks. Can you imagine the SEC telling the longs that they can buy stocks only on a downtick?! Of course not!

Also, during a mania, staying away from the crowd is a good enough idea. Swimming against them is not my cup of tea. All manias die out but one should be alive to witness them!<G>



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