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


To: Dr. Seuss who wrote (3946)10/10/1998 3:56:00 PM
From: Pancho Villa  Read Replies (1) | Respond to of 18998
 
Doc Seuss and all, read the stuff from Cramer I posted. Good shorts have become extremely volatile so it is very important to buckle up by avoiding over exposure. People out there know how to make the shorts run for cover and if you have too much in any given short you suffer like hell. There are no rules but I like to limit my initial short position to 3-5% of my net trading worth. That way even if the sucker doubles I only take a 5% hit that I can ride out.



To: Dr. Seuss who wrote (3946)10/12/1998 11:40:00 AM
From: ibrandybuck  Respond to of 18998
 
Just one humble opinion, but we're due for a bit of a bounce, especially in techs - lots of areas are oversold, in the minds of lots of people. MSTR's bounce wasn't as impressive when compared to the rebounds in a lot of tech sectors. It's continuing today, and I'd say likely to continue most of this week. If it gets carried away, we might see weakness by Thursday/Friday. But I'd wait a week to short MSTR, personally.