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Politics : High Tolerance Plasticity
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To: chowder who wrote (5143)6/6/2001 1:17:05 PM
From: Warpfactor  Read Replies (1) of 23153
 
Yup Dabum,

VPI has crashed through support lines. I've unloaded that overweight position that I bought 2 days ago for a loss of
$1.50. My TA is based on closing prices, I've got a lower trendline at about 21.1 and usually I give about a 0.5 pt. slop allowance. If VPI can rally back to 21.5 - 21.6 today, I will hold for the time being. If not, I will have to throw in the towel.

I must admit that buying trend breakouts has been a spotty proposition for me with oilpatch equities. I've had much better success in other sectors. I suppose because Energy stocks are so influenced by external events.

Of course, If I were on another board, I would not be allowed to admit the loss. I would be required to concoct a
story about how "it's a good thing I ensured downside protection via the purchase of options" or "glad I got out yesterday before the close". Maybe "I sold the shares to my brother-in-law".!!

Warp
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