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To: bonnuss_in_austin who wrote (165)7/28/2000 3:14:33 PM
From: Druss  Read Replies (2) | Respond to of 1426
 
bonnuss in austin
A good friend of mine tore SDLI a new one:
Message 14107164
He is the only one I know who shorted it.
Go to the shorts threads, listen, ask polite questions and you will get a lot of help. Start questioning their credibility and you will be seen as one more 'chip on the shoulder' long.
Druss



To: bonnuss_in_austin who wrote (165)7/28/2000 8:33:01 PM
From: OZ  Read Replies (1) | Respond to of 1426
 
In the meantime, perhaps all of you 'professional movers & shakers' might comment on your shorting practices? Do any of you short?

Y E S

Hope this helps,
Oz



To: bonnuss_in_austin who wrote (165)7/28/2000 10:19:33 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 1426
 
b.i.a.
Do any of you short?

First, I am not a market maker or daytrader....well, sometimes I daytrade, but most of the time I swing trade.

I short, go long, buy and sell both puts and calls naked and covered. Depends on what kind of market we are in at the time. For the most part I focus on long and short plays on common stock with options as my fun trading.

Here are my current plays:
Long NEM from 17 3/8
Long CSCO common (Core position from 1995 and trading position established today at 62 1/8)
Long PDLI puts from $147
Long MLNM puts from $118

All of these positions were published on SI as they happened. And my portfolio looks entirey different today than it did yesterday.

I have preset targets to sell the puts. For the most part I don't do anything with my core CSCO position, but I plan to sell the trading shares on Monday (regardless of market direction). NEM I will let run.

As far as shorting goes, I will look for whatever semi or biotech stocks that rallied the furthest today and if they continue rallying on Monday....the will be short candidates. That isn't advice, that is what I would do. I will also ponder selling naked august calls on any semis or bios that rally. This will be after looking at the charts to make sure that they have broken down and then have rallied to a resistance point. If you aren't familiar with playing options, I would recommend staying away. It is a good way to lose your nut.

If you are more comfortable playing long, you might look at precious metals as a bottom fish play or insurance stocks as an upward trending play.

All IMO, and since I am not a market maker, my views are perhaps somewhat less of an interest to you.
JXM



To: bonnuss_in_austin who wrote (165)7/28/2000 10:38:06 PM
From: EL KABONG!!!  Read Replies (1) | Respond to of 1426
 
bonnuss_in_austin,

I am a long term, buy-and-hold investor. I don't day trade or swing trade. I don't short anything (but would consider shorting-against-the-box for tax deferral purposes only). I don't play options. I am not a market maker, nor am I employed by one. I have nothing against people whose investment philosophy differs from my own, and that includes day traders and shorts. As the saying goes, it takes all kinds to make a market.

As for lamenting not shorting SDLI earlier this week, well I wish I was smart enough 10 years ago to have bought CSCO on an infrequent dip. <g>

KJC