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Strategies & Market Trends : The Thread

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To: star56 who wrote (8363)	7/28/2000 5:10:20 PM
From: Joe Hoek	Read Replies (2) of 49816

Have to make up for my RMBS shortsell beating I took. I was thinking about you when it rocketed and wondered how you made out. Sorry to hear that. Of course the stock is quite a bit below your short now, but that's no consilation. Days like today make me want to start taking profits as soon as I get them, but for now I'm going to have to look into being happy with protecting capital at this point now that almost all my profits have dwindled away and I'm investing with borrowed money from my 401K so I can't go negative even a buck. Fortunately I got scared yesterday and sold something, but of course I bought more MRVC to try to average down and lost as much as I would have by doing nothing. If MRVC can maintain here at 59 I'll be fine - if it does a big gap down with no chance of selling above 55 I could be toast. Didn't mean to be long winded and whining - just started out to say hi and hang in there. Been a bad week... Take care everyone

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