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Strategies & Market Trends : Natural Resource Stocks

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To: Yogizuna who wrote (955)	9/26/2003 3:25:53 PM
From: isopatch	Read Replies (1) of 108633

Yogi. OK, as long as you asked.<g> 1987 was one the best of my early years doing this full time. Very heavy in energy from the 3rd qtr 1986 into summer 87. Great run. Then, I became puzzled about all slippage that started hitting my trades. Win/lose/win/lose. Just spinning my wheels in August. That was back when I used margin. So? Went from full margin down to just 100% long on a cash basis - 3rd wk of August. Market rolled over and dove into early September. That was the wakeup call that the market was in a whole lot more trouble than I'd thought. Bailed and went to 90% cash UNTIL...get this<lol> The Friday before black Monday, stuck my toe in the water buying a fair amount of JNJ. When the tsunami selling hit the following Monday, I was a tad over 80 instead of 90% cash. In retrospect, can't bitch I guess. But boy, was I pissed at the time?! Iso

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