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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (5364)	11/6/1998 9:25:00 AM
From: Jay Ray	Read Replies (1) of 7247

Tim, I jumped into RXSD yesterday at 17+ change figuring to get a quick 1/2 point. I did a little research when you put it out and it looked like a good opportunity. Who figured they'd halt trading a couple minutes later. No one is responsible for this trade but me. I use the information presented here as a guide and still think, based on what I knew at the time, RXSD was a good play. S**t like this happens sometimes - it is out of our control. What I've learned over the past few months of active trading is that anyone who claims to make money on every trade is a liar. Research can limit risk but won't eliminate it. We're only playing the odds here and are going to get stung from time to time. Its very decent of you to post your entry and exit points on si - its a great way to learn. But you are not obligated to do so and are absolutely right in disclaiming responsibility for any one else's trades. Any investor who blindly follows advice is being foolish. I appreciate what you're doing here Tim. Keep it up. Jay BTW - I've only got small position and am still holding. Hoping for a bounce back today.

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