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Technology Stocks : ACLY- ACCELR8. Year 2000 Stock -- Ignore unavailable to you. Want to Upgrade?

To: 45bday who wrote (1093)	2/17/1998 2:14:00 PM
From: Mr Logic	Read Replies (1) \| Respond to of 1518

Solution, happy to offer advice but I am an amateur like most on these boards. All 'IMO': >>Thanks. Do you apply the same rule re selling when a stock you own long goes down eg: set a limit on your loss and bail or for some reason doesn't the same logic apply.<< Different logic, 1/ long $10000 biggest loss $10000. Short $10000 biggest loss unlimited (eg. stock triples, you've lost $20000). Best not to let it start piling up. 2/ You may be confident that the stock is overpriced and will fall at some point (like ACLY), but you get the timing wrong and it keeps rising on irrational exuberance. So, you will get another chance to short at a higher price. This is a more judgmental reason. >>PS: At 53 I still ski fast, windsurf the big stuff and mountain bike - You would think shorting a few shares of an overpriced stock would be a piece of cake!<< I'm not kidding, give it a go and see how you feel - and see how hollow and unsubstantiated a lot of the chat is on SI. Previously you may not have challenged some things people said because, well, if they were true you would make money. Imagine the Dow at 3,000 and thinking "there's lots of value out there". Now reverse that and you'll see where I am coming from. Maybe look at AMZN & ITWO as other examples in different fields (I'm short on both). Good luck whatever... Patrick.