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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Daniel Chisholm who wrote (9054)11/29/1999 10:55:00 AM
From: Madharry  Read Replies (1) | Respond to of 78602
 
I too as you know was short for a very brief period time via a mutual fund. My best decision in 1999 by far was to reverse my short position and go 100% long in tech stocks.
various sayings keep ringing in my head. The one today is they asked Bernard Baruch how he became wealthy. He said I bought too late and sold too soon. People shorting this market have found akin to stepping in the path of a freight train, and I don't plan on reversing my position until I see evidence that the train is slowing down.



To: Daniel Chisholm who wrote (9054)12/4/1999 4:19:00 PM
From: Freedom Fighter  Respond to of 78602
 
Daniel,

I believe your observations about the pain on the short side of your portfolio is exactly what's causing the meltup. If you look at the market on an individual company basis, it appears that the bear market continues among many "value stocks" and the melt up is happening in the overvalued momentum area where all the shorts are getting killed and covering. Even in yesterday's 250 point rally the breath was not too good.

Wayne