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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Mike Milde who wrote (12054)11/25/1998 1:12:00 PM
From: Dave O.  Respond to of 64865
 
< What bugs me is that Sun is an excellent long term investment. How do you know when to cover your short position? >

Mike,

Your right about SUNW being a solid company. For a short it depends on your objective. I frequently want to make a point or so, depending on how many shares I'm trading. I often short based on overbought conditions with RSI and/or stochastics above 80 or so. But not until volume falls off; a stock that makes new highs on weaker volume is a decent candidate. SUNW still has too much volume.

Have a good Thanksgiving.

Dave



To: Mike Milde who wrote (12054)11/25/1998 4:49:00 PM
From: Dale J.  Respond to of 64865
 
How do you know when to cover your short position? (I've been long-term long for years now).

Well Mike, first of all I don't short more than I can handle. If it ever bothers me or worries me then I would cover. Beyond that it is just a matter of conviction. If I lose confidence in my position, then it is time to cover. Twister's post was an example of a short seller capitulation.


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