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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (2477)	7/5/2000 1:02:44 AM
From: chester lee	Respond to of 2506

Ñ, Shorting the basket was successful. All three stocks took dumps during the week of the index deletions. This time I used GTC covers since I was in training and away from the computer 3 of the 5 trading days during the week of the index changes. I netted 6% on average, in roughly 7 calendar days average. Looking back, a 10% average return was quite achievable, had I more time to monitor my positions. I think we should repeat this excercise again in 6 months. Next time I'll also try my hand at going long a basket of index additions. chester

To: Q. who wrote (2477)	7/5/2000 1:02:52 AM
From: chester lee	Respond to of 2506

Ñ, Shorting the basket was successful. All three stocks took dumps during the week of the index deletions. This time I used GTC covers since I was in training and away from the computer 3 of the 5 trading days during the week of the index changes. I netted 6% on average, in roughly 7 calendar days average. Looking back, a 10% average return was quite achievable, had I more time to monitor my positions. I think we should repeat this excercise again in 6 months. Next time I'll also try my hand at going long a basket of index additions. chester

To: Q. who wrote (2477)	7/5/2000 1:03:17 AM
From: chester lee	Read Replies (1) \| Respond to of 2506

Ñ, Shorting the basket was successful. All three stocks took dumps during the week of the index deletions. This time I used GTC covers since I was in training and away from the computer 3 of the 5 trading days during the week of the index changes. I netted 6% on average, in roughly 7 calendar days average. Looking back, a 10% average return was quite achievable, had I more time to monitor my positions. I think we should repeat this excercise again in 6 months. Next time I'll also try my hand at going long a basket of index additions. chester