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

To: Mr Logic who wrote (3519)	2/24/1998 2:21:00 PM
From: Tino	Respond to of 18691

Don't necessarily agree that being short a stock and seeing it run up makes me happier than seeing puts expire that cost me a lot less in the first place. Either way you have the problem of timing. One is a small realized loss, the other a huge paper loss - lost margin that you could have used to make $$$ elsewhere. If SEBL runs up to 70 and then crashes to 55 I'm still under water. (Of course, it will fall much more than that :-)) I suppose being short as opposed to owning puts is better in case the stock doesn't move up too much. Re: SEBL: what worries me is that the larger blocks are on the buy side, i.e. funds are buying (saying that smart money is not as smart as it used to be must sound like sour grapes). Anyway, once we see a reversal of this trend the end will be near. Let's hope we won't have to suffer much longer. I'm getting tired of it. -tino