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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (4976)	1/21/2001 7:01:23 PM
From: Libbyt	Read Replies (2) \| Respond to of 57684

> The high short interest in the interim does not hurt either:-)< Glenn, from some of your previous posts here and on the AMZN board you have mentioned your past AMZN short position....that turned out to be a position taken at the wrong time. Since you have discussed this in the past, would you please "pass on" the lessons you've learned from that experience? Do you feel you took your short position without an understanding of market sentiment? Do you feel you took too large a short position in one security at one time? Do you look at the current short interest in a stock before you become a buyer of that security? .....And....do you currently short various stocks...or is this something you've decided isn't worth "the stress"? The reason I ask you this question is because I've never shorted a stock, or used margin. I have requested the application to change the status of my account about three times, thrown it away twice, filled it out once....but the application still sits on my desk. <g> I have done very well in the market without using margin, and in some ways IMO using margin would need to be done on a limited basis in order to avoid increased ~stress~! The lessons I've learned over this last year in the market would be to pay more attention to the Fed, and rate hikes (or cuts)....as well as to use stop/loss/limit sell orders (even if these are "mental" orders and not orders actually placed)....and to not be fully invested. (Always have cash available for those unexpected large bills!) I've also learned that I seem to have a better perception of "market sentiment" if I sometimes take a break from the market. Sometime following the market too closely IMO can make you lose sight "of the big picture"....and the daily fluctuations of a stock price are not an important issue if you believe in the FA of the stock, and you are not trying to trade this stock. Thanks for passing on any insights that you might have gained from this experience. If you don't feel comfortable discussing these issues, then just ignore this message!