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To: AllansAlias who wrote (34851)3/18/2001 7:06:26 PM
From: Don Pueblo  Respond to of 35685
 
Good article.

I used to be a broker, and I never once, never one single time, saw any broker suggest to a client that he short a stock. Now, I am not saying that brokers never suggest it, but I personally never saw it happen. I did see more than one broker "blow his clients up" (an interesting phrase, considering the industry) by advising the client to hold on to a losing position even though the client wanted out...or worse, to add to a losing position.

There are people on SI that actually think it is "un-American" to short a stock. Some people think it should be illegal.

If more people understood it, they would be able to think rationally about their entry and exit points. I have a rule when I day trade...if I am long and wish I were short, or see that I would like to go short, I exit the long position immediately. The same rule applies for any time frame, IMHO.

If you have not seen this:

Message 15184479



To: AllansAlias who wrote (34851)3/18/2001 7:13:39 PM
From: Don Pueblo  Respond to of 35685
 
very interesting! Thanks for posting that!