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To: The Phoenix who wrote (11153)12/22/1997 6:40:00 PM
From: craig crawford  Read Replies (3) | Respond to of 77400
 
<< Considering the unlimited risk a short position represents,
this was a really poor return. >>

That's not an effective argument. How is shorting more risky than going long?

(I'm not talking about the notion that markets over time tend to have an upward bias. This is a statistical argument and bears little relevance in the short-term or with individual companies. It has more of a relevance for the broader markets).


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