Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	5/14/2001 8:19:49 PM
From: Michail Shadkin	Read Replies (1) of 6873

Some general thoughts and guidance First Re: RRRR So far things have not gone according to plan. The earning delay has causes lots of uncertainty for the shareholders. Never a good sign. A 1-2 day trade has now turned into a 4 day investment so far. Not exactly what I had in mind. Hopefully, there should be news tomorrow. I will reserve my judgement till then. I still feel this trade will yield a nice profit. Currently I am down roughly 5% in this position and have no worries over it. That said, let me make the following statement. Some of you have expressed considerable concern over this play. If for whatever reason you are not comfortable holding this long, take the small loss and move on. It is important to me, that if any of you are joining me on a play, that you feel good about that play. Win or Lose. Second, It is important to fully understand my trading and portfolio management. Picking winners or losers is one thing, but managing your risk is totally different. I exceed in both, but one cannot exist without the other. I always stress diversification and a balanced portfolio. Buy the Champs and Short the Champs. Notice how little daily fluctuations my portfolio has had in the last 11 trading days. If you are following my plays, please use similar rules as me. Never take a giant overweighted position in any play, no matter how good it sounds. Nobody is ever perfect, we all make bad decisions at one time or another. The key is to not let 1 or a few bad calls hurt your portfolio. Steady and relatively low risk growth is what we are trying to achieve. Never lose sight of your goal and plan. Many Happy Returns Michail

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