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Strategies & Market Trends : One trade a week

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To: Mike McFarland who wrote (28)	1/4/1999 11:14:00 AM
From: Mike McFarland	Read Replies (1) of 89

Well, it looks like the right play on ARIA today is to lock in the daily gain, although I wish I had sold when others sold--at the open. Doh! But I will look to get back in soon. I will assume a trading range of 2 to 4 now...and although I certainly didn't get $4...I'll buy back in at $2. I cant beleive we will see levels below that again. This trade will help cancel out losses which I had to take last year in Ariad. I'm not going to fiddle with too much accounting, but I will keep score. My balance at the start of the year was 47k in the trading account. Let's see if I cant double my money this year, although as I have said before, I don't think I'll match last years treble. --Mike

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