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To: yard_man who wrote (7202)	6/23/1998 5:14:00 PM
From: Alomex	Respond to of 164684

Cute. I don't short period. I consider that good general advice. While most of my longs (real and simulated) have been profitable, most of my shorts would not. My observations are: 1.- It takes a lot less time for people to figure that a company is undervalued than overvalued. 2.- An undervalued company today will be even more undervalued tomorrow. 3.- A growing, grossly-overvalued company today will be only mildly overvalued tomorrow. 4.- Companies are often bought at a premium, but rarely at a discount. 5.- Any company is only one "bershire-hathaway" away from success. 6.- You cannot short on downticks, yet you can buy on upticks. So there you have it folks. The odds are stacked against shorting.