Rules We Can Learn From Message Board

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Pastimes : Rules We Can Learn From

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To: Roger Bodine who wrote (84)	4/28/1998 10:58:00 PM
From: Ron Dior	Read Replies (1) of 109

A mistake I have made a least 10 times happened to me again today. I stay up all night researching stocks, markets, charts, and reading message boards, balance sheets, international news, etc. I then clearly see what I should do the following day. for instance, last Wednesday night I realized that the internet stocks would pull back. I found one that I thought would drop a bit (DCLK). I Shorted it Thursday morning @38. As my research had shown me, the internet stocks all pulled back. Friday DCLK fell to around 35, so that weekend I did more research and was positive that Mon. DCLK would be down at least 5 more points to about 30. My plan was to cover at around 30 and then go long. Well Monday morning came and DCLK fell to 30 7/8 giving me exactly what I wanted, now it was time to cover my short and go long! Guess what I did....! I said to my self.."Maybe I should just hold it one more day and then I will cover and go long on Tuesday, after all I am way ahead of the game"! Tuesday came and DCLK opened up @38....! The Rule Is....Dont Get Greedy! Ron Dior

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