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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (17452)	8/19/2003 3:48:30 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78523

BCC - covered short for 17% loss...fortunately it was a tiny position and I didn't get stubborn and add to it. I learned that shorting a cyclical in the early stages of a bull move is a mistake even if that company has made a strategic error that will eventually bear bitter fruit, as I still believe is the case with the OMX acquisition. I should have figured this out and covered sooner. I will keep BCC on a watch list and wait for indications that the OMX combo isn't panning out before reshorting.