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Strategies & Market Trends : The Rational Analyst

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To: ftth who wrote (89)	3/29/1998 11:07:00 AM
From: HeyRainier	Read Replies (2) of 1720

[ Coldwater Creek: CWTR ] Hi Dave, Remember this one? It sure was a painful one for a shortseller...at least until recently. It managed to defy gravity for quite a while since that post of mine in mid/late December: exchange2000.com Well, the $25 target was hit, but it also ran up to $40 from the hypothitical short sale entry point, so I've added absolutely no value here ($8 up and $8 down...might as well just flip a coin). What was learned from this? Trend-fighting is tough...and can be painful for those who opt to short a strong stock, or go long on a weak issue. Timing truly is everything. Plus, indicators I've developed and implemented since that time have helped me to better filter through some potentially harmful trades (that December 19 observation wouldn't have been so bent on shorting this; that would have waited until March 12). I had a nice serving of Humble Pie for this one, but I'm glad to see that an evolvement of skills has continued, and is evident when I looked back at my prior trade rationale from as early as this December. Any lessons from past blunders you (or any lurker here on the thread) can share with us? Mistakes make us all better! Regards, Rainier

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