Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Logain Ablar who wrote (10354)	1/18/2001 11:48:30 PM
From: Steve Lee	Read Replies (1) of 30051

SSTI at $19.7 at the end of after hours. OK, AH is not a particularly good indicator of next day's prices but better to see it up than down. I had 25% of my net worth in this one when I bought a chunk at $20 3/8 (already had a smaller buy fromthe $30's). Then I watched it go down below $10, buying more just above $14. Never waivered, honest. Made a decision to ride it out and not use margin in my account. No margin makes for a nice stress free life. Had I bought SSTI on margin, that position could have been a complete loss. It is a lesson to me that I would like to pass on.

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