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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Matthew who wrote (11156)	12/22/1997 7:13:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 77400

<< Craig; I hope you have small feet because you just stuck your foot in your mouth. >> Size 12 1/2. Don't worry about me I have a big mouth so I'm sure it will fit. << 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. >> Really? Thanks for pointing out the obvious Matthew. Anyone with half a brain knows that. My point is that is true only IN THEORY. In practice you will get a margin call before it goes to infinity. Your broker will limit your losses. Furthermore you shouldn't let your shorts get out of hand in the first place. You should maintain strict stop loss points just like with your longs. Besides, C$CO isn't going much higher in the near future so I don't have much to worry about. << Maybe you and Mr. Pts. can start a beginners trading thread? >> Why are you bringing him into the discussion? He's not affiliated with me in any way. We both just happen to be interested in shorting C$CO. Interesting advice from someone who has a 9 to 5 gig at Cisco. Don't quit your day job.