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PMI Group Inc. Message Board

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  • paidbasher38291 paidbasher38291 Feb 24, 2010 6:18 PM Flag

    the difference between me and a pumper

    mechanically shorting is very easy, you just get a broker, including online brokers, and enter an order to sell shares short, the key is getting a good broker who can find shares, and won't pull your shares from you, that is, force you to buy them back when you don't want them, personally i use several brokers in order to locate shares, sometimes it is hard, espeically on a heavily shorted low priced stock like this, the hardest thing about shorting is changing your mindset, just like as a long you get happy when a stock you like drops in price so you can buy it cheaper, when you are looking from the short side you are happy when a stock you are watching goes up in price, like with pmi yesterday, i was ecstatic when it went over $3, and reall yhappy when i was able to short at 3.10, and to be honest i already covered, when i get 10% profits in a day i take them, i am a bit of a pussy that way, i will admit, in any case that is the hardest thing, being happy when companies you know are failing skyrocket, because that is when the best opportunities are, but in that way it is no different than being long, you need to understand the company you are shorting ver, very well, because irrational exhuberance on the long side tends to last a lot longer than panic on the downside.

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