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Strategies & Market Trends : The Good-The Bad and The Ugly
MAGS 66.73+0.6%Nov 28 4:00 PM EST

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To: rowrowrow who wrote (4152)11/18/2000 10:20:45 PM
From: Tim Luke  Read Replies (9) of 8686
 
row,

you know me pretty well by now...you are a member of our chat room...and you know how i tell it like i see it even if its harsh...but i wont BS anyone and im always straight up.

well i must admit a very big mistake..

two weeks before the election in the chat room i suggest we head for the sidelines prior to the elections and wait to see who gets in before we jump back in...

the upside...if gore wins the market most likely would have tanked and we would have a great buying op.

the downside...bush wins and the market takes off without us...and now we have to work harder for the next position play.

so most of us did bail...BUT then i went against my original call...the day before the election i saw that bush was looking real strong...so i made the call to jump back in...so most of did...i think we bought about 3 position plays...

and the rest is history...this dumbass gore or maybe its more like that dumbass tim luke...its turns out to be a frickin disaster and the market tanks and now we are under water...not too bad but if i would have just stuck to my original call we would be on top of the world right now...

we will come back and i will take this as a very good lesson...but it still was a bad call and i made it.
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