Zeev's Turnips Patch-No Politics (ZEEV)

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punkle, and to add to what Zeev said, GNSS killed me as a short.

I was eventually right, and would have gotten 30+ points profit per share (GNSS ran for 6 months, from Sept 2001 to about March 2002.)

Instead, I stubbornly held on, and lost over 6+ points; I ended up not having to pay too much taxes on capital gains for the 2001 year, lololol.

As someone once remarked, "...the market can remain irrational longer than you can remain solvent..."

best way to short shit like EXPE is to initiate with 100 shares (that's right, 100). That way, if it drops, you've got your profit. But, more importantly, when it runs, you can short the load of your shares at much higher prices.

Zeev is absolutely correct about his remarks on EXPE, b/c GNSS behaved EXACTLY that way. Every little drop (2-3 points) was met with 6-8 points of rally.

GNSS eventually tanked like the shit that it was, but not before a lot of shorts got roasted. My saving grace was my strategy. I start small, and thus was able to withstand the bull-rush.