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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001600.0%Nov 21 9:30 AM EST

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To: Laptev who wrote (13886)3/17/1998 10:26:00 PM
From: Pullin-GS  Read Replies (1) of 22053
 
Ring ring....pavlov's LAPdog dinner bell chimes again. And as always a nice drool of a post is LAPdog's reflex.

Sit! Listen to your master!

an explanation of how I am up 100%
No need to rework your previous post. Your on record already. Bad dog!

As of the start of the year, I was out on margin
But of course! And I bet you were 100% on margin (no call either). Your digging yourself a hole.

by approximately 100%[margin].
I knew it!
A gambler!...and you question the techniques of proven traders. Sounds like you need more than just a math lesson. ;-)

1/2 of this total portfolio was in TDFX.
And of course you put most of your equity in the one and only stock that really moved....the others you just bought a few token shares. Thats good money management alright...put the majority of your equity in one chance stock.

I sold the July 85 covered calls against my INTC stock which adds about 13%
I'll post your original portfolio:
>my portfolio of CNCX, TDFX, COMS and INTC is up 100% year to day
As expected, no mention of options here...just 4 stocks that you have been long in since the beginning of the year. That hole your digging is getting deeper...and it's full of something that smells real bad. No alpo for dinner tonight!

I'm sure you (as a TA expert) make lots of false assumptions.
Actually in hindsite, yes, I do. But then there are those times that the charts are right. That's what pays the bills.

And I sold CNCX today (probably a mistake)
Why did you sell if you think it was a mistake?
Did the fundamentals change?
Gut feeling? Hope?
Did you tea leaves say sell?
Or was it your crystal ball?
I can't wait for the answer to this one.

You may go now...out in da dog house ya go tonight!

PS: Looking at the archives this year, I noticed that you Averaged Down (a big no no with any stock...and you did it several times) ATCT in January.
exchange2000.com
When did you first get in? When it's current down-trend started at $26.00?
I noticed it closed at $1 1/2 today. Sorry to hear that.:-(
Anyway....Your first lessons in TA:

1) The trend is your friend. Never fight the trend.
The Trend is the TA traders best friend.
2) Take you losses. Never average down.
You broke two of the greatest cardinal rules of buying stocks with ATCT. Now you have muchu-grande' of almost-worthless shares. Tied up money (actually just paper now <VBG>) that could have otherwise been used to offset some of your other losses.

PSS: I understand that ATCT is nearing the point of being delisted? Comments?
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