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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Casaubon who wrote (15896)6/4/1999 12:08:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 99985
 
Good Luck with it, BTW most so called blow off tops are not
new buyers , but shorts getting squeezed.
It seems like madness say I'm short , but then go long
keeping my short ..like now I'm negative on the market in
general but that don't mean it wont go up enough to hurt if
I'm not fast. Why would I hold the short, well to get one I
most often have to go at market, ( limit shorts seldom get
the shares found in a down market ) but I can buy and sell
easy enough with out having to take market.
While I can cover with a limit, if I get ready to short again
I'll likely have to go market , so if I'm negative I hold the
short and buy and sell on an opposing bases, they won't call
the short in that away. They could but I never had it happen.
Another thing when your not sure then once hedged the pressure is off..and thinking can work better.
The idea is to preserve capital, & not look so much at what you
missed gaining.., would've couldve shouldve will eat
your lunch if you let it.
If your long and not on margin, There is no gain or loss until you sell..shorts get marked to market and the dough can get gone if
your wrong you have to be able to cover that part with cash
even if I'm hedged I need to have enough to stay that way
in an updraft or leg out.

Jim