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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (2627)9/14/1998 11:25:00 PM
From: 8bits  Respond to of 4634
 
>> If you can't comfortably cover 300 - 500% of a position, and are not prepared for the short-squeezes and underhanded tactics of stock touts and crooked executives, then you shouldn't be shorting individual stocks IMO. You may want to consider a well-managed "bear" fund. <<

A wise response to my post.

What I should have said was my resources are not great enough to comfortably short at multiple brokerages, where there tend to be shares available. (Datek for instance) I try not to be short more than 15 % of my portfolio and do plenty of research before I short. (Float, current short percentage, cash flows, floorless convertibles, etc.)

Nick B.