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

To: Megabuck who wrote (55353)	4/29/2000 10:43:00 PM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 122087

YOu need to read my Private message , asap..

To: Megabuck who wrote (55353)	4/30/2000 3:37:00 AM
From: 1-DAY-TRADER	Respond to of 122087

Dear Megabuck: My own personal covering strategy differs from one call to another, depending on: 1)The type of short call ( eg. shorting on Technical analysis alone, shorting on financial analysis, shorting on P&D and son so on .... 2)How much cash do I have tied up on this short. IMO, CASH is like an inventory ... the higher the turn over, the more the profits you can make ... for example, you can make more money on a fresh short call than on a an old already old news as a short that has already been milked to death ... think of opportunities forgone .. where can your money (inventory) WORK and profits yu MORE 3)The mood of the Market as a hole, and the sector specifically ... DO NOT fight the trend ... RIDE the WAVE Given all the above, if you shorted a POS, and you have relatively few bucks tied up in it, and if it is still going your way, let it ride for a while. But if you ave so much tied up in it, take profit on half of it, let some ride, and gradually take profits till you get all your money back then let the profits ride it all the way to zero ( which I rarely do, unless its going down fast and guaranteed) However, if you see a better short opportunity where your money can milk much more money for you in much less time, Why not get out of boredom :) Sincerely, 1DT

To: Megabuck who wrote (55353)	4/30/2000 3:43:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 122087

I have been taking profits in shorts once they fall several points. My benchmark is usually their declared book value (probably crap but it's a convenient number). My strategy was to use small short positions to offset my long portfolio, and recycle short profits into more long shares at cheap prices. So far that has worked very well. I am not shorting EEEE myself because I don't like to hit a company trading at less than 1 times sales. But I tend to think EEEE will crash and burn anyway. I look for high price-sales multiples, low cash, huge losses and a profile that fund managers won't touch when they start doing DD on a stock. My success rate with shorts since March has been around 80%. I use a lot of stop loss orders to protect profits and cut losses when I am wrong. Good luck.