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On Tue, 16 Dec 1997, Greatelto wrote:
> the downside. But regardless, I understand shorting etc., and I will always
> contend that being long and short at the same time borders on lunacy, unless
> of course, it is for tax purposes, which is "short against the box."
>
It is not lunacy at all if you are following volatile issues. You have an
opportunity to make money (eventually, time horizon in months, not days)
on the highs and lows. I think CSCO at 80 is a good example. It will
trend toward 90 and drop into the 70's during the next panic.
Cheers,
Jim
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