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Strategies & Market Trends : DELL COMPUTER--INCREDIBLY OVERVALUED STOCK
DELL 163.48+0.9%9:30 AM EST

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To: Mike Baker who wrote (64)8/19/1997 11:56:00 PM
From: Candle stick   of 96
 
Mike, maybe you should do your own homework then. I am still short Dell. The signal is not broken unless it closes above previous high of 86 3/4. The earnings report was greeted rather coolly in the after market with an initial round of selling that took the market down over 2 points. No system is infallible. You need to set up a system to stop your losses when you are wrong and not blame others for your losses if you dont do your own due diligence. As for me I still have a working in the money trade.....short DELL with an average of 88 (before you ask how the average can be so high, its because I buy and sell frequently to take advantage of the intraday moves, but always finish the day short DELL)

And stay flexible....if the signal is broken, just get out at the market and go on to trade something else. Dont fall in love with a trade or feel that it owes you something. Sometimes you win and sometimes you lose. The successful trader is always a winner because he knows how to contain losses and let profits run. If I get stopped out tommorrow it will be a minimal loss. Best of luck to you in the future. Take responsibilty for your own actions.....;^)
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