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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: jjetstream who wrote (19847)	10/26/2000 6:42:26 AM
From: Mike E.	Read Replies (1) \| Respond to of 49816

Steven, Great to see you posting! I think you'd be very well received if you posted what you were buying puts in and why you thought that was the way to go, even if others were trying to grind out a long in it. Let's face it, buying puts is a great way to "hedge" for those of us who are long too, especially in this "uncertain" volatile period we're in right now. I would be in much better shape with MRVC had I bought Oct. or Nov. 50 puts back in August for next to nothing! I'd still have my long term hold and we can only imagine how those puts would've gone up in value. Now, if you choose to show up after the market tanks or appears to be tanking AH's and post "No matter, I'm short XXXX" after the fact, where XXXX is a thread favorite long, you probably would not be well received nor very well respected. Frankly, I haven't posted many of my trades on either side for last 2 or 3 weeks. Too many of them have "gone bad" and I'm not inclined to lead someone else down that road. But I can say, I do give thanks for the ability to sell something I don't own because it has been the easiest way to make a buck on many, many days for the last 6 weeks! JMHO as a thread participant and I look forward to ideas on both sides of the trade. Mike

To: jjetstream who wrote (19847)	10/26/2000 10:32:44 AM
From: JLS	Read Replies (1) \| Respond to of 49816

I don't think that any of the traders on this thread or others that I frequent should have a problem with someone calling a short. I would welcome the information if I held the position long as it would alert me to the fact that someone was seeing something different in the action of the stock, and encourage me to broaden my view. I think most of us who post (I can't presume for the lurkers) would not take this information "personally" but would use it to hone our skills as traders. You have to play this market long and short to survive. I have no problems with short calls here and would like to hear what others think. Who would have thought that you could have grabbed a bunch of shorts at the end of August (which I did) and could have trailed stops all the way through October with most of them? Uuugh, and I knew I should have shorted MCDT yesterday at 82. Julie