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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (2460)	8/19/2000 1:18:50 PM
From: Sr K	Read Replies (1) \| Respond to of 4155

Some people said the same thing when they shorted gold at 525 and saw it go to 850. Ultimately right, too. Being short is not just a position that is vindicated or not. It is a margin position that costs real cash when it goes against you, and throws off real cash daily when it goes with you. To me, that has to be monitored. It's not just placing a bet. If you "disagree 100%" I think you exaggerate (maybe you disagree 61%) and you manage money differently than most. Even buying puts has to be monitored. If you let a position get away from you, you don't get to play (with those funds) again. That was my point. Money management starts with "preservation of capital", so losing 100%+ on a position is "bad money management".