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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Chris J. Horne who wrote (11245)12/21/2000 11:05:40 PM
From: geode00   of 42834
 
Chris, I'm not panicking either and I have lots tide up in this trade.

I'm just considering that this trade will not go to 90 early next year. That said, there is opportunity here that I could take. Maybe take a big loss at the next significant rally (today's was probably too small) and then buy in at even a few dollars lower.

I did a bit of that about a week ago when it rallied to over 74. I just got myself overly enthusiastic about the election resolution and got back in too early.

I do have a lower average cost and I did make a profit when I sold then. I'm looking at paper losses now.

I think it's much more likely to go a bit, down a bit, etc. before it skyrockets (maybe) into the 90s. I'm trying to reduce my exposure here.
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