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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: cardcounter who wrote (31151)	8/14/1998 8:40:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

CC, As I've said many times, I don't believe in straight short selling. I prefer more upside than downside in all my investments and bets, not vice versa. I think long puts, 90/10, is a much more efficient way to play. For example, had I been short, I would have probably given up on Citicorp when it ran to $182. But, since I was long puts in a 90/10, I simply filled my position as it ran up and now they are all coming to daddy. But, if you want to short, you need a firm that pays you an interest rebate of 70-85 pct. of money market on the cash you generate. Merrill and DLJ have the best vaults full of certificates, so they usually offer the best rates. You might want to start with one of the short funds. Whipsaw has a bunch on his "Stock Mania" thread on SI. If you discover you are good timing, for example, an Ursa fund, then you might want to try individual names. Still, I think you ought to look at 90/10. It can be a pain in the neck for a long time, but a few homeruns make up for a lot of expired worthless. And by using a 90/10, you always have the money to reload and fire another shot across their bow. MB