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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (8941)2/20/1999 9:18:00 AM
From: tom pope  Read Replies (1) | Respond to of 43080
 
Thanks, Dave, for your input - we'll see what Monday brings.

I understand your point about holding 'nets beyond a day trade. I held LCOS over the USAI announcement. Not a pretty result.

But I've never believed that the potential outcome from a short position is somehow different from a long. Yes, the stock price could go to infinity, but stock prices don't in practice go to infinity. So in the BCST example, I think the longs have an equal chance of getting hurt as the shorts on Monday morning.

But I do agree with your basic premise - it is a speculative position, short or long.

Have a great weekend

Tom




To: Dave Shares who wrote (8941)2/21/1999 12:44:00 PM
From: Matthew L. Jones  Read Replies (1) | Respond to of 43080
 
Amen! I bought YHOO the last tick on Friday before the split (Monday AM). It just happened to coincide with the bottom dropping out of the internets Mon and Tue. I was in a hurt before the market even opened. So much for the gap up! That's one long weekend I won't soon forget.
(No pun intended!)

Matt


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