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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Orhan Birol who wrote (9953)	11/18/1997 9:06:00 AM
From: Tommaso	Respond to of 94695

Thanks Orhan. I see that it is much more complicated. But I do feel better that I had remembeed correctly that shorting oddlots could be done without waiting (in line with others) for an uptick. It seems to me that all the derivatives and counter-derivatives with their constantly-fluctuating spread and premiums, together with margin buying and short selling, create a situation that maybe someone can analyze with a computer or with well-trained gut reactions, but I certainly can't. I am just going to stick tenaciously to the fundamental perception that by any past measures whatever, stocks are terribly overpriced, and that what is overpriced usually gets adjusted in a free market (as opposed to, say, diamonds). I think for most people the short term is a less-than-zero-sum game--maybe even worse than roulette.