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: Think4Yourself who wrote (63777)	4/4/2000 3:23:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Margin - Count me as relatively lucky too. I made the mistake of buying options in PGO yesterday, but I took the loss when PGO was still above 17. Sold all my remaining options at one point, but bought back BSNX options and increased my shares. I have yet to do the math, but I'm down no more than 1.5 days of recent gains and probably closer to 1 by the end of the day. Selectively adding some techs to my portfolio here. I had over 50% margin cushion going into this blowoff so I certainly wasn't forced to sell anything, but nor am I going to step in front of a moving train until I know where it's going to stop. Since the OPEC meeting my portfolio is up about 25-30%. Today I gave up probably 5%. I'd say I'm still way ahead by using margin. Currently buying lots of KEG.

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