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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: paul lin who wrote (12740)12/29/1997 11:52:00 AM
From: craig crawford  Read Replies (1) | Respond to of 45548
 
<< I DO NOT KNOW ANYBODY CAN TELL ME "LOOK, THIS IS THE TOP, GO SHORT!" >>

I DIDN'T SAY THIS WAS THE TOP FOR YHOO. I SAID IF YOU KEEP YHOO AT A SMALL PERCENTAGE OF YOUR PORTFOLIO YOU WILL AVOID BEING SQUEEZED.

Obviously with YHOO a short squeeze is under way. Rather than trying to pick a top just slowly scale in your position. That way it won't matter. People that shorted PRST at 100 (now 50 post split) still doubled their money even though PRST went to 200 (100 post split). The key is to not short such a large amount that you get squeezed out.

(Post split)

PRST 50==> 100==> 26. Even though the stock doubled you could still double your money on your short at 50.