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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: rocklobster who wrote (21053)5/1/1998 4:58:00 PM
From: marc chatman  Read Replies (1) of 95453
 
**OT**

Richard, I've learned the hard way as well. (I don't even want to tell you about my "learning experience.") It is agony watching a short go against you the first time. You keep saying to yourself that it is due for a dip, yet it continues to climb. And you know that when you cover, the stock will go down immediately. So you don't.

Maybe someone can give you a great TA read on the company over the weekend and tell you the stock is going down 5 points next week. But my recommendation -- again, not that I have the credentials to give it -- is to cover Monday morning and forget about it. The trend is up. There will be pullbacks, maybe some big ones, but the trend is up, and you don't want to short against the trend in a hot sector. And if you can forget about it and not kick yourself when the stock goes back down, then you have the temperament to trade.

Now, good luck and forget about what I said. <G>
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