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To: ron peterson who wrote (50448)	9/5/1999 7:27:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

O/T ron peterson ; reading is fundamental; but comprehension obviously is not... <<On Sept.2 you said you would not be buying MEXP.>> ... Gee, Ron; -- please cut & paste quote the post where I said that... In all honesty; some of the comments here of late - unquestionably signal both an emotionality toward the concept that one must be ''married for life'' to a stock and to sell, or to step out of a stock during technical turmoil; only to immediately re-enter - is some type of near Treasonous Act ! Actually, that is called ''trading'' and quite unbelieveably it appears to be a subject beyond the comprehension of many here... Once you buy a stock - you can never sell it, or take profits on it, or trade in & out of it, or rotate into a better trading opportunity - then come back to the stock etc. --- because it not only confuses the bejabbers out of some of the mopes here; but it's ''un-American'' to boot ! Once you buy - you can't sell till you die !!! - the new Strictly Drilling motto... << I thought you had it all riding on RRC >> I did; I also have a small long term account in addition to my online brokerage trading account; I also have a money market account, a checking account, a savings account, a christmas club account, a couple of credit cards, a business credit line, a business account, some cash, a home equity line, a free & clear car - with the title, I even get an occassional paycheck and if all else fails Ron; - I've got a big-assed jar full of lose change ! - yes; I was actually able to scrounge up some ''more money'' Ron, to buy some MEXP - as I did say what I meant (sell during the turmoil thursday - so you could live to play another day - as there was no news & MEXP was in a meltdown) and I meant what I said friday ( that I was buying MEXP as the ''air had cleared'' and it was now prudent to re-enter at this present price). Which I did... and I started re-establishing a position; of which I plan to strongly add to. <<Change of heart? >> No, Ron - no change of heart; sorry that you are intellectually unable to comprehend that. Thursday's meltdown was a day to sell if you were holding & also it was not really a smart day to buy if you were not; as there was a 15 fold increase in volume from tuesday to wednesday - follwed by thursdays total blow off. I said ''why'' I would sell and also not be a buyer - on thursday; because there was a technical collapse in the stock's action thursday - on no available news - period.This followed over a month long trend down from $3. I further supported the reasoning for my comments; that being - that given the prior meltdown of MEXP, that it would be prudent to sell now & ask questions later - given the degree of the blow off (down 20% by noon) and most importantly, due to the fact that it occurred on no news & no comments from the company or its analysts. Preservation of capital should be job #1 under those circumstances - on any stock. I also said - to verify if any of the rumors that were flying around were true; and if they were not; to re-enter. Which I did friday - as I was not holding MEXP going into the week. Ron - nice to add you to the "Bitch & Moan'' Club... I'll use smaller words and go slower for you the next time... okie dokie ? Lets ''cut to the chase'' here - concerning the MEXP subject:This entire piss & moan tirade of late is over one simple concept. ... is there anyone with a double digit IQ, or better - that would like to explain in a mathematical, technical or in any comphrensive way - how what I did, or said was wrong - philosophically, ethically, morally and most importantly of all (due to the subject of this thread) - in a Trading sense FINANCIALLY ! I'd love to hear the case against selling out of a stock that was facing a 20% down day by noon; coming off of a 15 fold increase in volume from the prior day, the day before ... and being 30% down in the last 45 days... what damn technical indicator in the world - didn't post a SELL SIGNAL on that day people ! gimmie a damn break - are you people complaining, really that ignorant ? If you are not willing to sell & step aside during a 20% blow off by noon - on a 15 fold increase in volume - under what circumstances would you EVER sell a stock ? Come back to reality people ! I think that kind of puts the whole arguement in perspective there; now doesn't it ? .... I rest my case. Ron... this obviously wasn't about trading MEXP either - now was it...