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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (46102)	4/13/2000 9:55:00 PM
From: Mike Harkness	Read Replies (1) \| Respond to of 99985

So...how do we make money during a market selloff? Everyone has been burned shorting stocks over the last few years. I get the feeling everyone is still talking about buying the dips. It might work but I am not willing to make that bet. So, what to short? I am too nervous to short a high flyer so I shorted SCH a few days ago with the thinking trading might dry up and margin interest revenue will go down as investors lighted up. I was a registered rep with Schwab during the market break of 1990. The phone calls(trades)completely dried up after the first market break. They had a miserable quarter and the stock went way down. It is worth a shot anyway. I am nervous so It is probably the right move. Mike