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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (678)11/11/1998 1:14:00 PM
From: upanddown  Read Replies (1) | Respond to of 19428
 
Peter, boxing your shorts also seems to be a way to play the uptrend on some wildly overpriced stocks. I shorted XLNX and had about a 5-10% loss when I boxed it. Eventually, this thing will collapse but the question is when. My current guess is about one more month. I'am just going to wait for any sign of weakness and then sell the long. If it is not the top, then I'll just re-enter the box.

Works even better if the long is in a tax-deferred account since the short has to be in a taxable account and any loss is deductible.

John



To: Peter V who wrote (678)11/15/1998 10:00:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 19428
 
Getting relatively safer for bears to come out. Advance/decline on both NYSE and Nasdaq both bent over late last week. VIX about to pop through 30 again. And macro wise we've got the Fed meeting w/ another cut potentially hanging in the balance, Japan announcing a plan which as ever will likely fall short, Starr turning in his report w/ possible Whitewater revelations and last, but no least, a new moon on Wednesday (no not astrology, bombing raids in the dark of night).

So, to protect long side profits, lay on a little SRCM, ZOLT and other toppy looking weak fraud stocks. Any other views?



To: Peter V who wrote (678)11/20/1998 4:51:00 PM
From: hawk-eye  Read Replies (1) | Respond to of 19428
 
is this done alot and how does it benefit you if the stock drops you lose on the long as much as you make on the short????