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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (798)	5/8/1998 4:07:00 AM
From: taxikid	Read Replies (1) \| Respond to of 4634

i am not an expert @ athm.. but as a new ipo, or recent one, there most likely isn't a large float and there will probably be a large interest in holding the stock, so the intraday price can go where it may. i think that stocks that like this will be momentum stocks that scorch the average short seller. while completely disagreeing with your short to zero philosophy, i still believe in short selling as a hedge, especially when there are "safe-sex" or "condom" options that keep your portfolio from getting infected, while allowing you to get in on the action. my rule of thumb is.. never short to zero and never hold a long position (completely) after a double. taxi