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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Michael Ohlendorf who wrote (28635)	2/26/1999 5:06:00 PM
From: Math Junkie	Respond to of 70976

Maybe I should explain what I was getting at. Both of the points I suggested relate to a danger of shorting in opposition to a business uptrend in an industry that historically has strong cyclical trends: that you can get scared out of your position too easily. From what you said, it sounds like that may have happened to you. My thinking is that if one confines oneself to trading long when business is getting better, and trading short when business is getting worse, then the underlying logic might be enough to cause one to stick to ones guns and not get talked out of it by someone with a contrary view. Of course the longs have the advantage that, as long as they are not on margin, if they are wrong all they have to do is wait. I don't pretend to be an expert - I'm just kicking ideas around.

To: Michael Ohlendorf who wrote (28635)	2/26/1999 5:06:00 PM
From: Duker	Respond to of 70976

Michael, I think you are mistaken, Richard's advice is not free. I am sure the bill is in the mail. <g> --Duker

To: Michael Ohlendorf who wrote (28635)	2/26/1999 6:26:00 PM
From: Stefan	Respond to of 70976

Michael, you have made a bad trade, all of us make them. I was losing major bucks with my short, but I had plenty of cash reserve to prevent a washout. Look back and see what cause you to quit, learn something from it. I use to do exactly the same mistake. Learn to shut off your emotions and don't jump in or out blindfolded. I was sweating when it went past $70 but I new that that will to past thankfully it came before $80. Good luck with next trade. Stay cool, justify to yourself the next move.