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Strategies & Market Trends : One trade a week

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To: Mike McFarland who wrote (30)	1/8/1999 6:47:00 PM
From: Mike McFarland	Read Replies (1) of 89

Trades for week: Sold Ariad at 3 5/8ths, got back in a buck lower. Added another third today at a tad over $2. Got rid of half my ariaw...a wash after holding them several months. Bought 1000 xoma at 3 11/16...sold 500 at 4 when momentum stalled...so much for a big breakout but worth a try. The remaining shares represent a "one third" position for holding, with a mental stop loss at $3. Also sold 1/5th of my BTRN after Mr. Pouletty of SANG did his appearance on cnbc. I cannot find my notes on what he said however. I think it was Sangstat, if I find my notes I'll post. Lost $500 playing with level II one day. I will not be playing with level II again any time soon, a very unsatisfactory experience. My goal of one trade a week remains elusive. --MM

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