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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Huey Alexander who wrote (13517)	2/22/1999 1:21:00 PM
From: Lucky888	Read Replies (2) \| Respond to of 122087

If you can't afford -- you should not trade stocks Huey-- I am also a newbie as you are. I am learning doing shorts and longs. However, there is one big difference between you and me: Every trade I do, no matter my own pick or A@P's pick, I am PREPARED to loss up to 50% and still can have a nice sleep at night. If you can't do this, you should not trade stocks, go buy some mutual funds. L.

To: Huey Alexander who wrote (13517)	2/22/1999 1:29:00 PM
From: R. L. Chapin	Respond to of 122087

Huey, check you PM.

To: Huey Alexander who wrote (13517)	2/22/1999 1:32:00 PM
From: Kailash	Read Replies (1) \| Respond to of 122087

Huey - the main lesson is never to do what you just did, seriously. Shorting is more dangerous than going long and fatal if you don't leave enough margin. There are recent posts on this thread suggesting reasonable parts of your balance to sink into one stock (or even one group of related stocks). The main danger is a short squeeze, a deliberate manipulation of the price upwards to force shorts to cover on margin. A@P's group could pose a tempting target for a short squeeze! The other danger is simply that the stock moves up for some reason you won't ever know. It's really hard to give advice about the kind of situation you're in since the stakes are so high. The simplest thing to do is just to reduce your position until you feel comfortable; don't stake everything you have even on the surest bet. You'd lose something but you'd stay in the market, which is the main thing at this point. Don't get me wrong: I think MHMY will go down and have a large stake myself. Since it's drifting lower right now I would lighten up a bit and make a note not to go in so heavily again! Kailash

To: Huey Alexander who wrote (13517)	2/22/1999 1:47:00 PM
From: AS Hibbs	Respond to of 122087

Huey, sorry to hear that you got in over your head. I won't go into why you should never trade with 200% of your portfolio (especially short). You can see for yourself what happens. I believe MHMY will end up around 5 by Friday. The problem is that you could get a margin call well before that. Does you broker have an office close where you can fund your account if needed? Since you are in a bad spot, there is not much good advice, but I know I have often make mistakes by covering out of fear. Make a thoughtful and even tempered decision. If you decide to cover now and take your losses, do it because it is a smart decision, not because you are scared. Scott

To: Huey Alexander who wrote (13517)	2/22/1999 1:49:00 PM
From: george saintonge	Read Replies (2) \| Respond to of 122087

MHMY...TRADED OVER 20 TWO WEEKS AGO....BLOOMBERG RADIO REPORTED GOLDMAN WAS TAKING A LOOK AT ETRADE....MERRILL BOT THE ONLINE TECH OF BROKER DE SHAW ON FRIDAY...THE DOW IS UP 150, S&P FUTURES UP 22... WHAT MAKES YOU THINK IT'S A GOOD DAY TO SHORT MHMY? IT HASN'T BEEN ABOVE 7 1/8 IN A COUPLE HOURS...YOU WANT TO TRY TO GET OUT WHILE YOU STILL HAVE MONEY LEFT TO TRADE ANOTHER DAY...CHALK IT UP TO THE COST OF YOUR EDUCATION. SOME PEOPLE GET EXPENSIVE EDUCATIONS IN THE MARKET...OTHERS LEARN QUICKLY.