To: cellhigh who wrote (6206 ) 4/5/1998 12:35:00 PM From: Mama Bear Read Replies (5) | Respond to
ronald, I think you are making the typical mistake of the non shorter, that one would hold a short no matter what happens. Shorting is inherently a short term strategy, and shorts cover and move on. Some here are obsessed with the high RS stocks like YHOO. They seem overpriced. I prefer the low RS stocks that have been pumped up temporarily on fluff. I am currently short ENML from 19 5/8, AVNT from 29 1/2 and PNDA from 5 11/16. AVNT may be being closed soon, if it acts in a certain way. And I am light on shorts right now because of the current bull market. But while the bull market roars, there are in fact some stocks that are failing. I did manage to make a little money shorting CIEN last year, and covered the position in late August. Someone who wanted to taunt me about my shorting found the post where I said I thought it a good short and tried to throw it in my face last month. The fact is, I've been out of CIEN since the middle of last year. Oh, BTW, CIEN was from before I put the ban on shorting high RS stocks in my port.I'm just not sure how valid the stocks from 1/1/98 are today. I believe I recall Roger saying that he'd covered most of his shorts in February, I'd assume that would include the list at the top of the thread.
