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Strategies & Market Trends : Steve's Channelling Thread

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To: steve who wrote (4167)8/8/2000 8:59:11 PM
From: Zeev Hed  Read Replies (2) of 30051
 
Steve, a long day, and I did not see an iota of what the market did except the final numbers, the "Old economy" is impressive here. If that continue, the Sox may very well revive without going to 820, right now, I still am continuing in very high cash position (I really do not like too much the "old economy" (VBG) as trading vehicles.

I see we had a visitor again, let me guess, he probably had something to say about the WSTL second trade yesterday. Frankly, I do not owe him any explanation. However, you and the thread should realize, that often I do much more than 20 trades per week, not all trades execute in full, a good chunk gets "partial" fills. In an effort to report as soon as I execute the trade (sometime even before I get a confirmation, since when I sell at the ask, I expect the trade to go through, and in most cases it does).

Furthermore, you should also expect a good 3% plus error rate (in numbers reported, like once I mistakenly reported a buy well under the market, simply transposing numbers, the spell checker cannot understand these errors). What surprises me (and I know you watch me like a hawk <VBG>), is that during the last six months on this thread you caught only three or four such errors. I am sure that if you want to put the time in it, you will find trades for which I did not report on time the opening or the closing of that transaction (I just searched the thread, as an exercise, and now know that I did not report the large losses I took in CCRD and XIRC when they turned on me <VBG>, or mistyped incorrect prices, few of these have been brought to my attention here before). So just bear with my, sometimes, erring ways, and disregard our "visitor". The sheer number of reported transactions will surely bring additional errors in the future.

Zeev
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