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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Dnorman who wrote (2748)	9/8/1998 10:41:00 PM
From: Dr. Seuss	Read Replies (2) \| Respond to of 18998

Dennis, As you know, sometimes it's hard to get shares short....so when you have them and the stock is moving against you, buying the same amount long will "box" in your profit or loss. In LHSG's case, it's a whopping loss for me. Anyway, since I now hold the same amount long as I do short, if the stock moves up or down, my equity in that stock stays the same. You can do the same thing by buying/selling puts and calls, but I couldn't think as fast as I needed to today (too many distractions) and it was easier to just buy it long until I could figure out what to do or where this is going. If LHSG falls tomorrow, I will sell my longs (hopefully) for more than $58 and I can ride the short back down. Too many problems with LHSG for it to be this high. Over exhuberence, I hope we see sell the news tomorrow. Dr. Seuss