Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who wrote (3962)	2/25/2003 10:54:30 PM
From: Softechie	Read Replies (2) of 11447

I will share this story happened today with you...Dow was about -70 and I had to lighten up my shorts and I did although I still not believing it...I believe I posted that message. Then Dow -30 I knew these crooks are up to something. I scanned the indexes and saw Dow Transport Index was having a real long tail and possibly making a run. I looked at airlines since they've got beaten up real good lately. I quickly bought 5K of CAL at $5.05 at ask price. Bought 5K of NWAC at $5.50 at ask. About 15 mins these two jumped good. I bought 10K of MXT at $1.47 (ACF crapped out and pulled the rest of credit cards with it). MXT is good company although they're in risky consumer credit cards. I thought if Dow want to run, the transport will have to pop. I have other hedges like QQQ for my tech shorts and USPIX. It's how to manage to lose less and keep the most of your profits my friend...

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