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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (32093)	10/29/2000 9:39:18 AM
From: UnBelievable	Read Replies (4) of 436258

Being a Very Persistent (Some might say Stubborn) Person Initially my reaction to a squeeze was to wait it out. Initially (8-10 months ago) this worked OK, I guess because there were not as many people willing to take short positions. Over time I began to experience both the duration and price increases associated with squeezes got greater. More than once I found myself in the position of watching the market tumble and not being able to advantage from it because of the cost of carrying the positions I was holding. I think I must be the last short out because on those occasions where I decided the opportunity cost was just too high it seemed like the stock collapsed the next day. It seems like even when they would let me out with a small gain on the trade they would wait a day or two and then collapse. (AETH and DIGL are two of which I have fond <gg> memories. If you look at their charts I bet you could figure out when I closed my position) My feeling now is the market is a wounded animal and very dangerous. I don't know how much good any insight I might have is when it gets like this so I am just trying to be opportunistic and ride the waves during the day. Small gains and smaller losses seems to be the order of the day. It can't be very good for the Capital Markets or the Economy when everyone takes their money out each night but it seems to be that is the only rational approach to the chaos. I have found it more productive to become familiar with a few stocks that have a lot of movement during the day and trade those both ways. This seems to be working for now but it seems like this is a game it is really stacked in favor of the house. While I managed to do well on the JNPR trades Friday I think I probably used up most, if not all of my nine lives, and I don't know how many days that seem like weeks I have left in me. I think I'm beginning to understand the saying "Too old to trade, to young to die". <gg>

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