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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (149)	5/18/2005 12:00:57 AM
From: MJ	Read Replies (1) \| Respond to of 4814

There are crocodiles also waiting for stocks to collapse from lofty levels. If you are buying at those high levels then the risk is there for a sell off to the crocodiles. I sold short against the box at the end of the year a few times to protect profit. That worked----I did not want to take the profit in the current year so sold short to take the profit in the next year. Don't let me confuse you on BEAS or SIRI------if you are in a position to buy some of each ----perhaps some of each. That gives you a 50% chance of being right with at least one of them. Just thinking as I write-----truly don't know. mj

To: sandintoes who wrote (149)	5/18/2005 9:05:35 AM
From: Walkingshadow	Respond to of 4814

Sandi, I wouldn't short either one of these. Instead, I'd wait for them to come to you and fulfull YOUR requirements for a long position(s). If they can't or won't move on to greener pastures. Shorting stocks in an uptrending market is riskier. My strategy is that I almost never short stocks that are in a medium-term or long-term uptrend. There are exceptions, but with this type of situation, you know the stock will move against you sooner or later, so you are playing a time game. With downtrending stocks on the other hand, you can be pretty sure the stock will move in your favor sooner or later, so time is on your side, and you can afford to be patient when that becomes necessary. So, the general rule I think is to look for long positions in uptrending stocks that are in uptrending sectors, especially when the general market is in an uptrend. Conversely, look for short positions in downtrending stocks in weak sectors, especially when the general markets are in downtrends. The trend is your friend!!! T