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Strategies & Market Trends : 50% Gains Investing

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To: Ray Rueb who wrote (31205)	9/25/2002 5:10:48 PM
From: Ray Rueb	Read Replies (1) of 118717

Both DIA and QQQ gave off COVER signals today I cautiously (and in hindsight wisely) covered half my shorts yesterday right before the close. So today I covered all the rest of my shorts except ZIXI and I (possibly unwisely) went long some Oct puts in MCCC. The 1 day delay cost me 5% of my portfolio. I'm still up 10% since Sept 1. My MACD method is a bad at predicting day trader level short term events. Consequently, I never get in until after the optimum moment and I don't get out until past the point of maximum profit. I belive my MACD method helps me to manage risk, not optimize profits. So I had a 10% gain in September instead of the optimized 20%. I'm happy, and I can sleep at night, and I'm confident I can repeat the process. I'm gonna miss my DAL short. I shorted at 16.44 on 9/9 and used the profits to double the short at 12.81 on 9/18. I covered today at 10.41. I wish they could all be this easy. I also added a long position in PGO at .93; with Oil and Gas prices rising and middle east uncertainty, their assets must be worth something to someone. Expecting some lightning by Friday EOD; Dale sez either we're at .60 or well over a buck. MACD trend sez up, so I'm long. Did anybody notice I predicted today's rally? Message 18025165 but upon re-reading my post, I didn't make it clear that I was cautiously agreeing with the post I was referring to. I think the market will rise through Oct 4. Unless you are a short term trader like me, this IS NOT me saying BUY. This is me saying COVER (for now). I expect to begin re-shorting on Oct 3rd with a real slammer beginning the next week. See why at Message 18030009 WARNING: if you are not a nimble short term trader, DO NOT PLAY THIS BOUNCE as a LONG. This rally is a HEAD FAKE; a sucker play; a last chance for the professional shorts to re-load before the toboggan heads down the hill. I told Dale that I need to re-review his top 10 list with the idea that I'll go long some of his value stocks when the market bottoms in week 3 or 4 of October. I need to come up with a "go long" strategy. I need to think about that one. You all be REAL careful out there Ray

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