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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Robert Graham who wrote (10995)5/29/1998 2:41:00 AM
From: Raven McCloud  Read Replies (1) | Respond to of 14631
 
Robert, thanks again for you insights. You said:
"Shorts attempt to look at the fundamentals as far as their
timing goes, so their timing is usually way off, and what keeps them in their position is their very own
sentiment of "I am right. The market just does not know it yet". IMO they tend to get more attached to their
position than the longs do . . .This stock will prove it further by going down even more", where if 4 happened, then they think 2 is
possible."

I don't short much, but did short C-Phone at $7. I've gotten very "attached" as per your above stated sentiment. As it slowly drifts down I say to myself, "well if it hits $4 then it will go to $3." I usually don't get very attached at all whether long or short. Of course, the fundamentals on C-Phone are really, really bad. I guess this is the reason for my attachment to covering around $2 or lower.

Hmmm, your perspective is causing me to re-evaluate my strategy.
I'm going to try to lose the attachment and see where that takes me.

Thanks,

Michael