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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (35498)	10/4/2004 10:37:33 AM
From: t4texas	Respond to of 206334

here ya go yes, you would have been 100%, 200%, or even 300% by just buying the home builders, but what the heck. i use the jgb 10 yr mini contract on the singapore futures. it charts more clearly for some reason. futuresource.com futuresource.com futuresource.com

To: quehubo who wrote (35498)	10/4/2004 1:36:57 PM
From: chowder	Read Replies (1) \| Respond to of 206334

Although I wasn't one of those who shorted the homeboys, I was involved in the discussions. Shorting is a different animal than going long. In most cases, shorting is best used when trading short term, taking advantage of overbought positions but not staying until your welcome wears out. When going long and you screw up, one can always take comfort in becoming an investor. I don't advocate that style of investing but, it is a style that many people use. When you screw up going short, you'd better take out your eraser and correct that mistake pronto like. The only shorts that succeed long term are the guys who understand the fundamentals like Ed Ajootian or Kollmnh. I can't even read a balance sheet so I have to monitor supply and demand hence, my success comes off the short term technicals. Sometimes we forget that a 20% return earned on a consistent basis is an outstanding performance record. I happen to think it's a lot easier to collect 3 or 4 five percent moves in a year than it is to wait on a 20% return for each issue. Short term shorting can give one an edge to those 20% consistent annual returns and then compound that. dabum