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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (85)	9/10/1998 2:36:00 PM
From: jttmab	Read Replies (1) \| Respond to of 10655

AlohaMike/SunTzu, Since we're sharing stories. I traded on paper (shorts) and everyone was a winner. My first (real) 7 short trades, again were all winners! I was ready to quit my day job!....My next two shorts...I woke one morning to a 30% and 40% gap up respectively....all the gains and than some were vapor.... Your comment "the very very overvalued stocks that are in a down trend are terrible shorts." That was what did me in on the last two shorts. What I ended up liking was to short a stock on bad news at the market open (missing the gap down); the stock will nearly always trade down till 10:00-10:15 and then either continue down or flat until 2:00-2:30. Close the position by 10:15 and you pick up 3-5% on each trade. Best Regards, Jim