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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: joe smith who wrote (2097)	12/4/1998 1:38:00 PM
From: uu	Read Replies (2) \| Respond to of 3291

Hi Joe, > downside gain is far greater than upside risk. I thought shorts were saying the same thing when XLNX was at $35/shr. When a stock goes down from lets say $60 to $20 the usual phrase is: If you liked buying it at $60, then you must really love buying it at $20/shr!" By the same token: If one liked shorting ithe stock at $35, then one must really love shorting the stock at $60." Most often what happens though (with longs anyway) is that once the stock has reached $20/shr and when everyone thinks there is no more downside risk, the next drop can take the stock well into single digits! I think, and again by the same token, the same must be true with shorts also! When the stock reaches $60 and when everyone is absolutely positive there is absolutely no way for the stock to go higher, the stock does in fact move into much much higher grounds. Although I have to say I have never shorted any stock in my entire investment life (and I do not think I ever will either), so my assumptions may be a bit biased, especially since I continue to strongly believe in XLNX's fundamentals - even though I no longer have any shares of this company! Regards, Addi Jamshidi