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Strategies & Market Trends : Position Trading Forum

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To: Merritt who wrote (4747)	10/30/1998 4:59:00 PM
From: Paul A	Read Replies (1) of 7247

thanks! This has been one of those week where every $100 gain could have been $1000.. I bailed out of CIEN early in the AM, and as you know it never looked back.. I hate that.. Than, I bought into WEN on the gap down and made an instant few hundred- only to see 5 minutes later it was up over 1 1/2 from where I sold it.. argh now my money is sitting in a little known pharm. company called ISIP.. when the market gets a bit ahead of itself like it is now, I like to go back to overlooked, stagnant investments and at the very least hold for a day or two in hopes of short covering when the rest of the market takes a breather. I stayed away from CIEN after my AM gap- someone has a lid on this thing and once again just like the last time it is so controlled its unreal. im shocked by the overall market performance. I may take a breather myself next week, and wait for a pullback.. I really dont make all that much money when the market is positive like this. I need panic, fear, anything to make people sell their holdings for much less than the day before. Wendys was perfect for that today- I only wish I didnt have that same panic to sell sell sell so damn fast fast fast! Tim- im sure you saw XYLN today? I tried to chase it, and it moved about 3/4 in about 5 minutes. Finally I said the hell with it and went to lunch.. have a nice weekend everyone!

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