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To: Chris who wrote (25358)7/12/2000 2:52:42 PM
From: uclatrader  Read Replies (1) | Respond to of 42787
 
just went short on bbh



To: Chris who wrote (25358)7/12/2000 6:13:12 PM
From: Gersh Avery  Read Replies (1) | Respond to of 42787
 
Hi Chris ..

I didn't close my short, however I did do one of my flip moves.

A flip move run like:

My main bias is short .. so I see what looks to be a good move up day. I'll invert the trade (buy to go long) ride it for a few points then reverse back to the short again.

This moves the effective net entry two times the captured points in my favor. Today the move left me at a ~3% loss for the day in contrast to the ~11% loss that I would have had.

The morning should have a gap down.