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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (5013)	4/14/2000 11:50:00 PM
From: brk	Read Replies (2) \| Respond to of 19428

So where is the bottom Uncle A ? 3000? 2800? gnet will beat earnings est. by at least a dime, but the market don't give a damn.

To: Sir Auric Goldfinger who wrote (5013)	4/15/2000 8:10:00 AM
From: Hiram Walker	Respond to of 19428

Auric, the more I look at the market, the less I think people can tell good,well managed companies from poor companies. That makes the shorting game on individual stocks even harder to understand. I believe you have to cater to the lowest common denominator of society. I believe the average investor is extremely lazy, not above average intelligence, and could not tell you why a company is managed well, and what companies are not managed well. So when stocks go down, they all go down recursively. I am glad I raised half a million in cash 2 months ago, but I think it did not matter which companies I sold. Over any period of time less than 10 years the stocks that fall do not fall for logic reasons. It would be hard to pick short stocks individually. I was talking to some brokers and suggested shorting an index like the QQQ's a few months ago. I got a call back, and one of them said he could not find any QQQ's to short. I will short an index next time, if I can find one to short, maybe the XLK's. I will never short an individual issue, no matter how poorly it is run. I remember the pain I felt in the 80's from margin calls. Hiram