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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: David A. Stern who wrote (18528)11/24/1998 5:28:00 PM
From: Clint E.  Read Replies (1) | Respond to of 69633
 
Hello Dave. Sounds like you made some money by shorting YHOO this morning and I am happy for you. Good job.

I just want to make something clear and that is that I am not short YHOO. I don't quite know why you are under that impression. I shorted YHOO more than 2-1/2 weeks ago at 154 and covered at 152. I haven't shorted it since then. If you are referring to my three shorts from yesterday, I covered them all into the selloff this morning and posted to Jim.

My advice to you is to be careful with these shorts as they go against you, just as you should be careful with a long position that turns into a loosing hand.

These net stocks are crazy, as evidenced by yesterday and today's action. Shorts will not bring these stocks down in this kind of market environment. Once the mood changes, it is a different story.

Take care and be careful;

Clint