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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (12182)	2/4/1999 11:32:00 PM
From: Jack Colton	Read Replies (1) \| Respond to of 90042

Bingo! That's the news that must have leaked out two days ago. I had finally come to the same conclusion... but had not found an article or anything mentioning it, because I have been in meetings. AND I have not been able to do any DD from here. Just a question Tim... have you ever sold short, from a position that you own? If I thought CSCO was good long term, rather than run the risk of missing the run up, I'd sell short how ever many shares I owned. Then, when it looks like it has reached the bottom, and is starting to head back up, with a lot of secondaries moving up the ask, then buy to cover your short - and pocket the difference. I don't have access to good secondary info yet, but when I do.... look-out! I think you have stated that you don't short normally, and I am really a novice at this, but I think that is the way to stay in the money all the time. That way, you can set you gap limits on a lot smaller increments, buy watching what the Level 2 guys are doing. This is just a comment, since I shorted for the first time a couple of weeks ago, and I was glad I did. But I would NEVER short uncovered in my core holdings... There is no need to risk that. I would short something if everyone else was, and we knew the risk was pretty small. Mr. Pink has a pretty good track record there, along with a lot of the others. I would not have done what Mark C did, unless I owned all of those companies. Sometimes the risk does not justify the reward. Of course all of this IMO. What do you think? Jack