2002 Canadian Stock-Picking Challenge Message Board

STOCKTALK

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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge

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To: Canuck Dave who wrote (669)	4/8/2002 5:27:05 PM
From: kirby49	of 1590

CD: Triangulate your shorts down, it's the only way to make more than 100% on the way down. I played this to show a few people that this was the most conservative way to play the market long term these days, but they still don't get it<LOL>. I'm sure you've seen nspolar's IBM short from 120 on SDII. These are now the best places to just park any cash IMO these days if you're not comfortable in the illiquid PM markets. Reminds me of playing Vitals thread last year. Just about reached my target of 48, but I did have to ride out that upswing from 64 to 74 before Al changed the rules, so it's taken me a while to get in the groove here. Having cataract surgery tomorrow, so will just cover tonight and hope for a bounce and close the gap and perhaps have a better reentry in a day or two. Regards Bob

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