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Technology Stocks : VocalTec (VOCL) -- Ignore unavailable to you. Want to Upgrade?

To: annekcm who wrote (993)	12/18/1997 5:20:00 PM
From: Ted Downs	Read Replies (1) \| Respond to of 2349

annekcm, Puts expire, shorts do not. I am not predicting a specific time table for the continued downward trend to a specific price, just a continued downward trend over time. Yes, puts and calls expire, but when you're wrong they don't cost you more than you bet. That's what a short position can do. Infinity is the upward limit on voclf but the downward limit is 0, only 18 pts or so. You also want to short stocks with a high amount of liquidity which is not the case with voclf. Therefore, shorting a stock like voclf is equivalent to playing with fire. Ted