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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (7846)	10/13/2000 10:56:24 AM
From: horsegirl48	Respond to of 65232

I agree, I'm just watching. HG48

To: Boplicity who wrote (7846)	10/13/2000 12:05:58 PM
From: Venkie	Respond to of 65232

Sorry but I lost interest in Qcom and sold 78 7/16...lost a point and change.. This rally feels real and if it closes like this then we may see a quick 5/10 % pop in the techs

To: Boplicity who wrote (7846)	10/13/2000 12:26:51 PM
From: snowbird	Read Replies (3) \| Respond to of 65232

When I first started to trade I started to short naked shares. I never lost money. However, I soon realized what I was doing, and the risks involved. Eventhough my trades were good I stopped and have never shorted since. I plan to prepare to short the next bear market, but probably not before. I think of it this way. Two investors go down to their brokers office. One goes long an excellent underlying security that is very extended at the beginning of a bear market. The other goes short the same security. They walk outside and a brick hits each one on the head. They wander about for a couple of years and suddenly regain their memory. Who stands the better chance of financial survival? The most basic repair for a long position is TIME. Shorting has the potential for unlimited losses over time. The entry point for a long is important. The entry point for a short is life or death. Traders say get equally comfortable with both long and short. I say don't confuse the two - they are NOT equal. There is and always will be the opportunity to make TONS of money going long. snowbird