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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: mongo- who wrote (30302)	7/2/2003 10:05:21 PM
From: who cares?	Respond to of 30712

The thing people seem to be missing is the risk. If anything, as an evil greedy scumbag momo shorter, i'm tying up 80 cents for a relatively short time for a 95% chance of making 20 cents, and even the other 5% chance just causes me a short term loss before an even bigger gain.(averaging up) On the other hand most people seem to want to tie up 20 cents for possibly a long time, on a 5 percent chance of making 80 cents. It may work for a while if you hit a quick homer, but over the course of a full season, 500 or so at bats, you're not going to win the batting, rbi or HR title. The idea that a hot market is bad for shorts is also a bit on the preposterous side. I personally prefer it hot hot hot, because as Jeff pointed out, really crappy dog stocks go up. Since i'm a shorter and therefor unintelligent bordering on slime mold level, I recognize my ignorance and know that i'll never be able to pick stocks as good as Jeff. So instead I just wait for Jeff and a few million others like him to pick them for me, and run them up, then I sell them. Unlike a slow or bear market, you don't have to be short these for months and years to make a good gain, you just wait for the momentum to slow, and start shorting. You know they're going to go back down, they have no business prospects, they have cheap convertible shares, or warrants, or crims pumpsters behind them, and if they don't then you can bet the company itself is going to dilute you to death to get money to stay alive. When things get crazy, longs can't stand to sit still in some stock while another is going up 100% that day, so as soon as something has a good move and something else is starting to take off, everyone gets out of last week or yesterday or earlier todays momo superstock and they get into the next maybe possibly big winner. As a short all you gotta do is have a little patience stay allocated and you will profit very well in a runaway blind mini bull market like this.