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To: Larry S. who wrote (36385)	12/29/2001 2:51:46 PM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

re: short GNSS not for the contest but yes in real life the key to shorting one like that is to do it real small and be willing to add another piece 5-15% higher as a position swing short I did it on 12/14 at 68.34 and covered 12/24 at 63.80 back short 12/27 at 68.15 an interesting concept is the "reverse Jan effect" on these high flyers like gnss. nvda, emlx, et al people long hold them till 1/1 so they can defer the tax gain till the next year and funds hold them so their books look good on 12/31 plus funds will buy it the last few days of the year to juice performance also, people who have been short and have a loss cover at year end to book the tax loss so in the real thin slow days near year end there are fewer sellers than buyers after the first of the year selling can kick in this is no way an "easy" guarentee but a few years back I did a study of like 20-30 stocks that closed the year near the highs if I remember right, a week into the new year they were down an average of 8% will be interesting to see if that happens again this year