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To: EL KABONG!!! who wrote (162)	7/30/1998 2:17:00 AM
From: Mama Bear	Respond to of 253

" if you go long on a stock, the most you can lose is the price you paid down to zero" Assuming you don't go long on margin. You can end up in a negative equity situation pretty quick if you take the wrong risk on a margined long. The true downside risk for a short position is equal to the downside risk of going long on margin. Of course this is because your broker will close your positions with equal equity left on either side, due to house and Federal margin requirements. I suppose a stock can't gap down more than 100%, but I don't recall very many that have gapped up that much. Only one comes to mind, ENMD, which gapped 7x. Barb

To: EL KABONG!!! who wrote (162)	7/30/1998 6:30:00 PM
From: Fredman	Read Replies (2) \| Respond to of 253

that doesn't sound very good to me..... (sic). i think i will just stick to buying 100-250 shares of about 3 different Oils. i already bought some MDCO and GLM. then i will sit and wait for the next sector to drop like a rock......