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

To: Ploni who wrote (6436)4/7/1998 7:31:00 AM
From: Dale Baker  Respond to of 18691
 
Charles, I shorted ALTIF from 12 down to 9 and covered there when it rebounded a bit. Now there are two possibilities - someone decides this thingamajig actually works and you get caught in a squeeze, or the discount convertible holders start flipping and you get to ride it down to minus-5 territory.

In your place I would put in a tight stop and wait it out. But I'm not initiating a new short with so many other fat targets out there right now. You may want to consider whether that margin could be better used elsewhere.

Good luck.



To: Ploni who wrote (6436)4/7/1998 8:00:00 AM
From: Roger A. Babb  Read Replies (2) | Respond to of 18691
 
Charles, I have a large short position in ALTIF



To: Ploni who wrote (6436)4/7/1998 10:24:00 AM
From: Agamemnon  Read Replies (1) | Respond to of 18691
 
Charles or anyone, One last tax ? concerning shorting. Can the margin interest be deducted from regular interest on sched B?



To: Ploni who wrote (6436)4/7/1998 1:19:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 18691
 
I've been short ALTIF since it was in the teens:

Message 3598873

I think it is going much, much lower.


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