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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (47305)	12/5/1999 3:48:00 AM
From: Jay Fisk	Respond to of 122089

You get consistent results if you divide the selling price by be buying price whether its a long or short position. The "logic" that short profits must be constrained to a 1-100% range is bizarre unless you factor in a "money-at-risk" scenario. I keep track of trades in a real simple excel spreadsheet with only two columns for the tradeprice - for shorts just enter in the "sell" column, cover in the buy column, the % returns calculates consistently whether its a long or a short. Reminds me of stupid pre-MBA arguments over how a 50% discount wasn't the same as a 100% markup - same dollars, just expressed differently. Note that the GUMM board is SI's #1 tonight, Bill W is having fun with the longs... sounds like Pluvia Jr.