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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (8247)	8/31/1998 8:16:00 PM
From: Sandra	Read Replies (2) \| Respond to of 29382

Ken, You are too nice!! Good for you, you made a profit!! I wish I had the knowledge you have. Still trying to learn that side of the market. Sandra

To: Ken W who wrote (8247)	8/31/1998 9:04:00 PM
From: James Wright	Read Replies (3) \| Respond to of 29382

Ken -- "Blood money is blood money. Where I won, someone else lost and that saddens me." Although I've been in the market over seven years, my very first short was earlier this month. Generally, I didn't short until recently because I had the same general view about short trades as you. Thus, I had to overcome a lot of negative views about shorting before I could short a stock myself. However, even in a long position, someone loses and someone wins -- if someone sells to you and the price goes up, your gain comes at the seller's "loss." In contrast, when you cover a short position, you are buying from someone who likely is cutting his or her loses -- thus, it arguably is a win-win transaction. In fact, I've since begun to realize that shorts help put a brake on a runaway falling market -- at some point, the shorts will need to cover and buy those declining stocks, thus putting upward pressure on the price and helping to reverse the decline. Anyway, the biggest problem I had with shorts are the negative, usually deceitful posts by short traders who try to drive the price down. That is where I draw the line -- I generally have avoided posting anything on my short positions or any negative views about a stock on the message boards for those stocks. I'll short a stock, but I won't help drive it down. Regardless, I'm now having fun again in the market, which hadn't been true since last April. Anyway, those are my thoughts (for what they're worth). -- Jim