REX DIAMOND MINING TSE:RXD Message Board

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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD

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To: Bob Fairchild who wrote (2338)	1/25/2000 6:50:00 PM
From: LAURIE SELINE	Read Replies (3) of 2522

Interesting day. It's the same psychology that occurred at $5 only in reverse. Imagine that you are a shorter. For the sake of argument in at $8 preferably on the way down. You get a little greedy at $5 (apparently a number of shorters did). Bounce back to $8... $9. You can see the writing on the wall but ignore it. You're logic is "breakpoint at $10". And then it hangs there. At $9.10 you could get out and lick your wounds. At $9.70 you're so close to the theoretical breakpoint. The clock ticks. The trades are all wrong. But you stick it out... Fun isn't it? L.

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