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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (50449)9/5/1999 8:37:00 PM
From: Gary Burton  Read Replies (2) of 95453
 
fwiw-I can understand exactly where you are coming from and why as to your trading perspectives. I sold TMR at 4.75 a few days ago on a hunch and bought it back about 2 days later at 4.63 when my hunch level changed. I do such things fairly frequently as it keeps me out of trouble and I can always buy it back later type of philosophy.... Had I owned MEXP on the day of the slide, I too probably would have bailed for the momentary peace of mind of not having to worry about an adverse press announcement.In cases like MEXP- which starts to dive during a timeperiod when it is expecting a financing to close that would be crucial to its very survival--the smart thing to do would have been to dump it on the sliding day and reassess the situation in the morning to see if any news developed. That way, traders live to play another day instead of being bombed for the big loss. Traders have to take small losses quickly and unemotionally even in stocks they feel very comfortable about. The fact that you flipflopped on RRC a month or so ago and now MEXP and probably many others doesn't surprise me in the slightest. You've told everybody here countless times that you ar a trader and that's what traders do. Nobody should be the slightest bit offended. From my perspective, you can only 'hype' a stock to me if I let you as I am solely responsible for my own decisions. For some folks to therefore accuse you of pump and dump is just plain silly.
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