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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (60097)2/10/2000 1:06:00 PM
From: jim_p  Read Replies (1) of 95453
 
Ok my equity was 36% not 30%, but my comment was that I did NOT sleep well.

I don't do this very often, in fact I like to be at zero margin. I just had a good feeling about yesterday.

I follow the three day rule. It is rare for stocks to go up or down for more than three consecutive days. As a rule, in a good or bad market, the forth day is safe to buy or sell.

Also tops and also bottoms tend to have very erratic trading, as we saw in BSNX, FST, XTO and a few others that we all follow. (Also as we are seeing in NASDAQ)

I have brought my margin back to 50%, where it will stay until valuations improve. Will go back to 30%, if we get some more XTO's like yesterday.

Jim
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