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To: TFF who wrote (2609)1/22/1998 11:53:00 AM
From: dpl  Read Replies (1) | Respond to of 12617
 
>David: do you ever go take the opposite side once you have closed a position?<

>In other words, do you every go SHORT XYZ after you have covered an XYZ
LONG position.<

Yes but not very often.

In your example it would make no difference to me that I had gone long the same day.I would treat the short the same as any short.

However if I buy a stock like IBM yesterday it would have to go up a lot for me to short it.You probably know that any stock down a huge amount can bounce quite a bit.You kinda want to be one step ahead of the stock rather than following it.Let it give you something good or find another dancing partner. :-)

David



To: TFF who wrote (2609)1/24/1998 2:44:00 AM
From: David E. Henry  Respond to of 12617
 
Sometimes, but not a lot though I am short more now than I use to because of market sentiment. So many rule to deal with. There is the 5 min rule then the uptick rule. But I'll tell you when I am short and the stock starts moving down, its sweeter than honey.