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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Torus who wrote (175)	5/2/2001 11:37:52 PM
From: Michail Shadkin	Read Replies (1) \| Respond to of 6873

Torus - great question re: LVLT I do like LVLT short a great deal. Much more than my average short. A little more patience perhaps. re: 8-10% limit on loses that is based on a full position current price vs average cost. I have 1/2 position at 15.85 and 1/4 position at 18.20 Average is 16.63 (that is -10.8% on 3/4 position) if I added at closing price another 1/4 to make a full position at 18.44 my average would be 17.08 That is a loss of 8% so far based on assumption of full position. I hope everyone can follow my thinking. BTW, a full position is 6% of portfolio Good Luck Michail