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


To: Wolff who wrote (31496)4/20/1999 5:19:00 PM
From: Mama Bear  Read Replies (5) | Respond to of 122087
 
OK, I'm confused. Why is this such great news? While I understand it's another brick in the wall, I somehow don't think we're going to wake up in the morning to a gap down to 4. It looks like they'll spin it that they walked away because they're such astute business men.

Barb



To: Wolff who wrote (31496)4/20/1999 9:26:00 PM
From: J.Y. Wang  Read Replies (1) | Respond to of 122087
 
Shorting is more difficult. The S&P has gone up an average of 10% a year. A monkey going long by throwing darts at a board can gain 10% a year; A monkey going short by throwing darts at a board can lost 10% a year.

You can long a company without any compelling positive information and still do fine. You cannot short a company without any compelling negative information *and*, as I have learned, without some reliable reason to believe that this negative information will be reflected in the stock price soon.

However, the ability to short effectively is an important skill in the arsenal of a complete trader.