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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (4259)	10/8/1999 5:02:00 PM
From: Hank	Read Replies (3) \| Respond to of 10293

Ok, Dan I realize that you're good at math and there's no doubt that a short position (just like a long position) can wipe a trader out in a matter of days if it's not played right. Bill, myself, and many others realize this, having ridden out many short squeezes, many of which were quite dramatic. That's why you can't bet the farm on stocks like GUMM. I don't know that a huge short interest has always spelled doom for every stock that has ever been traded. All I know is that, in every case that I am aware of, this is an almost sure sign that a particular stock is doomed to fail eventually. Of course, that doesn't mean the stocks price won't double first. It's happened to me time and time again but patience, combined with the capital to withstand the rally, have always paid off for me. When I short a stock, I always establish a "short and hold" core position around which I trade additional positions (usually from different accounts). That way, I can be sure I'll be short when the "big one" hits and stock can no longer be borrowed. In case you haven't gotten it yet, that's the way Bill usually operates too.