Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (63770)	4/4/2000 3:03:00 PM
From: Think4Yourself	Read Replies (4) of 95453

I don't know about other heavily margined folks but I hardly got decimated. I am down the last two days of profits, and after reallocating today I am coming back rapidly and strongly now. Looks like I will lose Monday's profits, and a little of Friday's, today. In other words, I am better off than if I would be if I had sat on cash for more than two days. That being said, I would have loved to have chosen yesterday afternoon to have taken profits. Also, had large positions in UPR and APC that greatly helped me out this morning. The way you lose big on margin is to sell on a big down day like today and sit on the losses because you are afraid. Actually overmargined at the moment...

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