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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Ashikin Wan-Noor who wrote (6913)	11/12/1997 6:47:00 PM
From: Pancho Villa	Respond to of 9285

Ashikin >>Same, got some SEEC readily at 21 1/2 today. What's your target to cover?<< Hi thanks for the compliment. My intention is to maintain a long term short position. Impossible to say but I see potential here for this puppy to drop to $5 (IMO). However, even though my strategic desicion is to hold for a long long time (I use the words long long because at SI long I get the impression means a few weeks. I am talking a few months "a la Roger"), decision making must be dynamic (run a text search on a post with the words Pancho and sunk cost. And you know S happens... these bad business may start consolidating... In fact they already are... In which case I would be forced to cover. Hopefully my other shorts will more than bail me out. This is why you diversify! Pancho PS: diversifying shorting mainly y2k stocks? sounds phony but should work!