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

To: 1-DAY-TRADER who wrote (55329)	4/29/2000 10:31:00 PM
From: Megabuck	Read Replies (3) \| Respond to of 122087

I was very fortunate to realize a 70%+ return on my 7 digit portfolio last year, all on long positions with High Techs stocks no less. I have just recently begun to realize the benefits and potential of playing the short side and am eager to learn strategies from those more knowledgeable, such as yourself, Dale Baker and A@P. You likely noted that I recently posted a question to A@P concerning his covering strategies and would like to pose the same question to you. In the case of EEEE, which I shorted last Friday, it was noted that it was a pos, who had falsified their earnings and could very well go broke in the near term. My question is; as it could take several months, or more, for EEEE to actually go broke would you recommend that I take a quick $2 - $3 profit when it falls back, or, hang on for a longer time to get a larger piece of the action, perhaps 50% or more even although it could take a longer period to do so. Note, please, while I have used EEEE in this example I really am seeking input as to your strategy for covering your shorts in general. Should Dale Barker be on line tonight I would sincerely appreciate your input as well. Yearning to learn. Thanks