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To: Sultan who wrote (14097)1/6/2000 1:33:00 PM
From: SteeliejimRespond to of 118717
 
Sorry. Thanks. Great call. Have a little more time now. In at 24 5/8 and 24 2/4. Out at 27 1/4 on a whole bunch of shares. Can relax a little now. Actually I was underwater about 1/2 a point and ready to pull the plug. What kept me in is that there is a whole lot of "there" there in ELON, and it could/should do a whole lot more. But not greedy.

I'm really back into a risk averse mode now. This looks like a market that is working its way down with momentary ratchets up. So many good co's have already gone up 200% to >1000% that even 30% or more corrections would not be out of line. I ended up 170% for 99, and would rather forego some possible big gains than ride down a big correction in good co's.

After missing a good chunk of the biggest ups in the market in NOV/DEC, some mistakes, and suffering a big loss resulting from my problems w/ SCH, I have a lot tougher skin than before for active trading. Still, Dale is right re. the daytrading--elevated pulse rate, adrenaline pumping, etc.

Gotta get a plug in for DLJ (and another thanks to Richard). The executes and confirms were great at both ends. I never would have been able to move that many shares that fast and at as good a price w/ SCH. DLJ uses Pershing as its MM--biggest around. SCH has its own MM, and I think that it does not have access to nearly as many shares. A number of times my orders sat unexecuted for many minutes with lots of buy/sells going past lower/higher than my limit order.