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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (19675)4/20/1998 1:11:00 PM
From: waverider  Read Replies (1) of 95453
 
>>Wasn't for all my shares, just my trading position.<<

marc, just for my clarification, could you tell me why you sold your trading position? I'm always trying to figure out this trading stuff and would love to try it...but there just doesn't seem to be a system that consistently works.

A fellow technical trader I respect very much indicated to me 2 weeks ago that the chart on FGII was the least encouraging of the ones I asked him about (NE, GLM, CDG, TMAR, ESV, FGII). Goes to show ya' things don't always work out as predicted. This was based on Advanced Get and Elliot Wave stuff. He did, however, say that NE and CDG looked the best...and they are doing very nicely too. I guess I could have sold all my FGII and put the proceeds into NE and CDG and come out O.K. here, but still one must be careful when using technical reads.

So why did you sell? You made that target capital gain, chart resistance point, fundamental...?

Thanks,
Rick Hydrocarbon
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