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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: funk who wrote (1066)9/7/1998 2:49:00 PM
From: Sword  Respond to of 7382
 
I agree. The ruble crashed today. The Report on Billy Blow Job is due.

The horizon over the next few weeks is perilous.

-Sword



To: funk who wrote (1066)9/7/1998 3:01:00 PM
From: William W. Dwyer, Jr.  Respond to of 7382
 
Funk,

How right you are!




To: funk who wrote (1066)9/7/1998 3:39:00 PM
From: TraderAlan  Respond to of 7382
 
funk,

Depends on your time frame.

5-min to 10-min short sales are much less risky than whole day or 1-3 day shorts right now. The market is way oversold and Greenspan history suggests his words will support things for awhile. The dollar is back to 131 yen which isn't bad. Inflow money will likely be strong all week.

And INTC's trend short term is definitely up, not down.

Alan



To: funk who wrote (1066)9/7/1998 3:55:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 7382
 
I am impressed that so many of the trading examples in recent posts are slanted toward the long side. Granted long may be the way to go tomorrow, but I think too few traders look to go short.

funk,

I fully agree with you and I've been wondering how to go about doing short trading. I could pre-box shares to avoid the up-tick rule (long/short INTC, CSCO, etc.). But now there is some indication that that is disapproved by the SEC (though Fidelity still allows it).

How do you manage the short-term short trades? The problem that keeps coming up in my mind is that having to wait for an up-tick might also mean having to wait for a down channel to end.

Any help you can offer is appreciated!

Gary Korn