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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Jordan who wrote (2287)2/4/1998 7:47:00 PM
From: Pancho Villa  Read Replies (2) | Respond to of 18691
 
>>BFIT: patience is a virtue I don't have when shorting.<<

I short long term based on fundamentals. I do not use technical analysis. Some people think those of us who short on fundamentals are crazy [Including Cramer]. This is the only way I feel comfortable shorting so this is what works for me. For my style patience is key.

IMO if you lack patience you will cover some good shorts too soon, but again you have to do/use what works for you! I am surprised BFIT is your only short in the red. You are doing much better than me! Congratulations!

>>I almost bought more today but decided not to chase it. I would think its a better strategy to wait for this one to turn...<<

Possibly a better strategy. As far as I can tell BFIT may continue going up. Timing these things is nearly impossible. It may go to 25 or start dropping. Anyone claiming to have the answer is laying My rationale for shorting is tied in to the current market level as well, I am still reducing market exposure. Now I am about 15% net short.

Pancho