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

To: freeus who wrote (20633)	11/29/2000 3:53:24 PM
From: edamo	Read Replies (1) \| Respond to of 65232

lynn...shorting on momentum is a dangerous strategy in any market......you are reacting to the downward momentum....you need to short if that is your desire as the upward momentum peaks.... my comment was only based on your angst of yesterday...just consider the results of your past strategy....basically buy high, sell low....apply the reverse to the short....

To: freeus who wrote (20633)	11/29/2000 3:58:10 PM
From: stomper	Respond to of 65232

Freeus. Even RIMM (which I consider a crazy bloated pig and will put relentlessly down to 10) can be dangerous in a market down like this...FWIW, I exit my puts every day...take ANY profit when you've got it in this atrocious atmosphere. A snap back rally could trash you. Hope you're watching tick by tick. Good luck...hope you find some peace with your portfolio, i know you've been hurting. -dave

To: freeus who wrote (20633)	11/29/2000 4:01:07 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

Freeus...just my opinion which isnt worth much.....and yes, I am very pessimistic about this market. However, your statement "could have shorted everything" says alot. You and I have a bad thing in common. We see the train after it has left the station and try and then get on. The smart folks are getting on before it leaves the station. My point is, we both tend to see past results and act on them for the future. We buy after it has gone up....we sell after it has gone down. I dont see alot of positives for the market, but if I didnt short, or sell at 3500 or above, I am not going to short at 2600. Just my advice.....I know it's been a tough year for you.....I'd hate to see you get caught in a major short squeeze. If your stressed out being long, my guess is you will be more stressed being short. good luck with whatever you do. keith