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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: chowder who wrote (87241)2/14/2001 11:51:24 PM
From: isopatch  Read Replies (1) of 95453
 
"Identify the trend and get in ahead of it"

Dabum, that's a fav of mine. RTN.B, LOILY, STXD, MWP and others are all examples of ways I've gotten positioned early but not TOO early(g).

We continue to be in a wipsaw market that is more conducive to your trading style than mine. But am always willing to listen and try to find ways to work in ideas that fit into my own routine and methods.

And since you agree with me on a chunch coming in the energy stocks, shorting some energy stocks would be an easier transition for me than moving to another sector like tech. Switch hitting allows me to stick with stocks whose trading patterns I'm already well acquainted with. Makes sense to me anyway(g).

One caution I'd offer about what you've been doing. It might seem that "the risks of being out of the market are greater than being in" as long as we're in this churning mostly sideways market. But when the next major downleg starts this will change.

And when that happens, how do you exit being fully invested in numerous volatile tech positions on short notice without taking some significant losses?

Not trying to take a pot shot at you, but you do acknowledge occasionally making mistakes and taking ST losses in your trading the past 3 or 4 months, right?

Iso
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