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

To: Daniel Chisholm who wrote (9901)	2/8/2000 9:50:00 AM
From: jeffbas	Read Replies (3) \| Respond to of 78476

I have said this before on this thread about shorting - a lesson I learned from seeing a hedge fund manager (Jimmy Rogers?) get absolutely killed in a well publicized shorting of Resorts International over 20 years ago. He was right about what eventually happened but his timing was wrong, and he missed the party. You short a company with bad fundamentals and a bad chart, like the semiconductor stocks when it was obvious the industry was in a recession and the stocks had thoroughly rolled over. You do not short overpriced stocks without those characteristics as there is no inherent limit on how overpriced they can become. These comments also apply to QQQ as it is largely an aggregation of overpriced stocks, without those two characteristics.