Paul I hope you are right, I only took half of my position off the table. Mind you, I had committed to selling however my complete order did not fill, So we go into the morning bell still holding a few. I have cancelled my sell order on the other half (aprox). I hope you are right for you own personal benefit plus I wont cry if it continues up. I am still a novice at this, but for the past 7 months I have been glued to this BMI system I have trying to make a few dollars here and there. Granted my experince is extremly limited, but for what reading I have done so far, and little I have seen, plus pick up in conversations here and there, it is my understanding that very few can do what Zitel is doing and maintain it. Yes as for you comment about selling it at any time, well I use Etrade (Am about thoughly disgusted with the service, frequent problems, and God forbid they have even made mistakes in my account. (you ask why am I still here in all fairness they are better than they were 7 months ago, and its hard to beat a 19.95 limit order of 5000)enough rambling) and yes as long as the bad boy is going up and you are selling orders seem to move pretty smoothly, but let the buying side be the bid and for some unexplained reason a limit order will rarely hit even when placed .50 - 1.00 below bid. And a market order seems to never exe till the stock has bottomed out. There again based on my limited experinces with rapidly dropping stocks and etrade, I have experinced a couple that left a bad taste in my mouth. I am learning how to try and protect a postions profit with a stop order, Hell even that wont work with the likes of a SEXI stock (BB)and you are talking calls I havent the slightest idea how they work, isnt that like selling short but not as risky? I realize I have a lot to learn and would like to be able to afford to stay around for awhile, granted I am still a little gun shy, but when your sitting on the cannon when it goes off your ears ring for a while! I appreciate you peoples discusions and try to pick up and retain a thing or two along the way, Plus sometimes its down right funny what some people say. You or someone earlier mentioned not everyones intentions are above board reader beware, as you mentioned you can sometimes guess pretty acurately whether they are long or short. I just want to know which to be long or short at the right time on each stock, is that asking to much? OK how about 85% of the time. Any way I have rambled till I lost the train of thought I orginally started this post for. If it comes back to me I write again
Stan |