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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (13129)	1/13/1998 1:11:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Joan; Thanks I never asked my broker about shorting it, but if he says no I'l have to ask him why. There has been some issues he said he could not short, ( couldn't get the shares is always the excuse ) but I don't have a way to know if he's always telling the truth. Have you ever shorted "WEBs" or CEs ? Mostly up to now I just try for the ride up, and jump out of the down side. I tried puts ( a lot ) on individul issues but found the spread , commisions, etc eat into what little you can make, and it involves much more risk than playing, baskets. I'v looked at futures but said no way hosa, to easy to go broke in them. Shorting via a basket does appeal to me, I'm trying to improve my market timing, and I am getting better at it. Waiting now on the Small guys to wip around and hope to enter KAUFX , and re-enter OAKSX OAKSX is closed to new investors so I kept 1 share when I made my escape on DEC5th. I would have came out sooner but was out to sea, and didn't see what was happening, but I did OK in and out with OAKSX twice now, catching more of the upside and less of the downside. It's hitting me that some sort of basket is better than going out on some limb as I've to often done. I had a big winner, and a few small ones, but one big loser too, it's not always true that winners will make up for the losers, they got to work hard to do it. Commisions, spreads, and the fact that a $ 50 stock that falls to $ 30 loses 40% of it's value, and for that $ 30 one to get back to $50 it has to gain 66%. While the Bull market make a lot of people look good, a flat one will sure undo a lot of that, and a bear market makes compleat fools out of thoes once wise analcyst. I'v done a check on recomendations since July, it's alful. Jim