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To: zax who wrote (119222)3/4/2001 1:39:12 AM
From: Alomex  Read Replies (1) | Respond to of 164684
 
Never is a very long time, Glenn. Learn from your mistakes... but don't punish yourself for them!

True, but people should be very aware that shorting is much harder than going long. If you go long on a company you are essentially stating the following belief "things have gone well in the past for this company and I expect them to be doing more of the same". This is a very sensible supposition, it it ain't broke why fix it?

If, on the contrary you short a company you are making the statement "things have gone bad for this company and I expect them to be doing more of the same". This is a very unreasonable supposition. If it is broke, in all likelihood they will try to fix it. Now and then a sufficiently screwed up company appears in the map, so that you know they won't fix what ails them, such as Novell, Xerox or Corel. But even then you can be caught in a shortsqueeze like last year's when each of the these three shoot up for no justifiable cause.