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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (20878)	9/21/2003 2:15:39 PM
From: Tommaso	Read Replies (2) \| Respond to of 39344

Yes, and people who think they can limit their losses with stop-loss orders on short positions can get caught by a huge gap up. And if you set a tight stop, you will probably get whipsawed out of your profits anyway. The idea that shorting is the quickest way to get rich might also be compared to the idea that the quickest way to get across a street like Pennsylvania Avenue in Washington is to sprint across in the middle of the block. It might work! I did, however, make a lot of money shorting and reshorting the QQQs, and with an index you are not going to get a totally unexpected good-news doubling overnight that ruins you. This time around I will just stick with the LEAP puts.