Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (3094)	1/30/1999 6:53:00 AM
From: Justa Werkenstiff	Respond to of 15132

Marc: And sentiment has reached this peak when the S & P and NASDAQ closed at record highs yesterday on heavy volume. Market is sniffing glue here.

To: marc ultra who wrote (3094)	2/3/1999 2:25:00 AM
From: marc ultra	Read Replies (3) \| Respond to of 15132

While I've taken a bunch of money off the table per fear of a fairly major correction, to sell more I'd be really increasing my tax liability. I'm now giving serious thought to shorting DIAmonds as a way of further decreasing exposure. While I sold a bunch of SPYders I have some left and I'm not anxious to sell as would now be against a cost basis in the upper 90's. Instead of raising short against the box issues I figured shorting the DIAmonds may be a simpler alternative. While I think I could short SPYders against the box for several months and remain in the guidelines, my accountant is now semi-retired and not extremely sharp so I might as well avoid complicated transactions that raise difficult tax issues. Anybody see a problem with this? Marc