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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (22165)	7/13/2004 5:35:39 PM
From: zebra4o1	Read Replies (3) \| Respond to of 306849

I first tried shorting just to further my investing education. I figure that anybody buying stocks needs to know what shorting is all about, and how shorts think. Just reading about it is not the same as doing it yourself. But then I found it fit well (too well) with my pessimistic, glass-is-half-empty mentality. I'm getting a bit carried away with it now, like with my kamikaze short on CFC. Got a big short (for me) on Genentech too, and am eyeing EBay. It's pretty stressful though. Being down 5% on a short is much more scary than being down 5% on a long. Machiavelli had a great chapter on how the most successful princes were those whose personalities were right for their times. During some decades, prudence and caution were called for, and only the careful cautious princes prospered. Other decades called for boldness and daring, and only the risk taking princes prospered. So in other words, it's all just dumb luck.