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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (11343)	9/26/1999 7:53:00 AM
From: stock talk	Read Replies (1) \| Respond to of 59879

Mark, I may of sounded like I was offering conflicting words of advice, between what I was saying and what I was doing, but not really. When I said to you "I always rest easy on the weekend when I close out profitable positions", that statement was true, I had sold off all my holdings (except 3) going into Friday afternoon at 3:00pm. Generally I always feel better even if it only psychologically (and we both know this game is all won or lost between our ears) feeling that I have made money that week. And secondly I always find it easier to be more careful with OPM(others people money)(ie yours) than my own, years of training ( brainwashing). Old habits die hard. As for my buying spree late Friday, I wish I could say I was as smart as you T/A guys who can predict the future or at least a Monday or Tuesday bounce, but I'm not that bright (I would have a hard time finding my house if it wasn't numbered <ggg>). Friday I did what has made me money more times than not, I followed the tape. When I saw a positive money flow late in the day in the of the week we just had, I figured someone with more brains and money than I knew something that made sense for them to enter under those circumstances (dow & nasd being crushed) and were buying. So you know the expression: monkey see, monkey do. So this monkey did too. You hit the nail on the head, I am expecting to be out of FCSE, IMIC & SRGE within a week at a profit. BNYN I may or may not hold a little longer or until it hit $11-12 which ever comes first. "Contrarian" you say, well if your definition is one who is more comfortable buying when prices are low and less comfortable buying when prices are high, I guess so.