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To: dennis michael patterson who wrote (35356)1/18/1999 8:48:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Glenn, I really feel silly not shorting at 183, where I sold, or Yhoo at 450. definitely
should have. I've made great money shorting the indexes, and I should have shorted the
nutz. The problem is that shorting is far more work than going long. It is physically
draining and, for that reason, I don't do it often. I just have too much to do.


dennis,

Shorting has taught me a lesson it likely is not worth it. I would rather let a stock have a pullback and then go long. Maybe I am just gunshy but once badly burned.....

Glenn



To: dennis michael patterson who wrote (35356)1/18/1999 9:03:00 PM
From: Chris Cooper  Read Replies (1) | Respond to of 164684
 
Dennis--could you take a second to educate on why shorting is such work? I've only ever been long, but am to point that I've almost pulled the trigger on a couple short trades but did not.



To: dennis michael patterson who wrote (35356)1/18/1999 9:52:00 PM
From: Steve Yuan  Read Replies (2) | Respond to of 164684
 
Dennis,

Things always look easy in hindsight. If YHOO splits 3 to 1 or 4 to 1, and have a blockbuster result, say 0.25, the internut game will be totally different. YHOO could well shoot up to 550 and consolidate at 500, i.e., after split 166.

Shorting momentum stocks based on fundamentals is surely suicidal. It is doable based on the technical strength of a stock, but it is still much more psychologically demanding than going long. For example, I seldom did panic selling, but I did panic covering several times. I once shorted Dell, LU, CSCO, BRCM and NSOL. I made money from shorting DELL and NSOL and lost money on other bets. In my opinion, shorting a stock below its resistance line is relatively safe, because I know when to cover. I really would like to learn more about the art of shorting stocks from this thread.

Steve