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To: craig crawford who wrote (11155)	12/22/1997 6:59:00 PM
From: Matthew	Read Replies (1) \| Respond to of 77400

Craig; I hope you have small feet because you just stuck your foot in your mouth. >> << 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? << Going long you can only loose the price of the stock per share. A stock cannot go lower than zero. Going short, there is no limit to how high a stock can go - therefore there is no limit to your potential losses. Maybe you and Mr. Pts. can start a beginners trading thread? Happy Holidays!

To: craig crawford who wrote (11155)	12/22/1997 8:10:00 PM
From: sepku	Respond to of 77400

>>>That's not an effective argument. How is shorting more risky than going long? <<< That's typical Wall Street propaganda. What is the popular saying...oh yes, "unlimited upside". Have you ever seen a stock's share price shoot up and up and never stop before you could cover? I sure haven't! But I have seen a stock fall down and down before you could sell it for more than dirt. Bre-X...Mercury Finance... >>>I'm not talking about the notion that markets over time tend to have an upward bias.<<< And that's another part of the popular fable. A view straight from the eyes of a far-sighted investor. Shorting is a short-term strategy. Generally, an extremely short-term one. If they cannot grasp that, they are hopelessly at a loss to ever comprehend short-selling. The same goes for day/position trading. I love listening to people criticize what they don't understand. Particularly long-termers who try so hard to knock day trading. Maybe those shackles from corporate slavery really chafe in a bad way? ;o) Style Pts.