Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: jrhana who wrote (33971)	11/29/2003 1:54:17 PM
From: nspolar	Read Replies (1) of 36161

Why short it (now)? Good question I suppose. BGO has went from about 25 cents to a present 4.20. I started at 36 cents. If I would have waited until I recognized the channel I would not have got in until maybe after a dollar. Figure the % difference in gains. In one case you have a 16 bagger, the other a 4 bagger. That is how I look at it. I don't know for sure but I think the initial stages of a market dump will occur rapidly. There should be one decent rebound. So you would two chances to get in at a good position, short. I am also fairly certain a lot of folks will not get in until way down the road. Always the case. I like to try and maximize, don't always get it that is for sure. But it is good game trying. And it means a lot to the bottom line. I also think the present situation is what I call indeterminate. The bulls can make a case for another shot up, and the bears can make a case that we are at a top. Hopefully we get more data during the next few weeks that will shed further light on the situation.

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