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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3160)	7/12/2000 11:29:10 PM
From: mishedlo	Respond to of 30051

Zeev, I do not know how to respond to GMST news Had a good Day finally, only one since RMBS took off. Do you expect a retracement? A small one did occur but I was not able to take advantage. My new philosophy, if you can call it that, is to play the gorillas to be (RMBS GMST CREE etc etc etc) but to time them better than you know I did with RMBS in the past. Sort of take unreasonable profits when they occur (as RMBS did many times) and ride the rest out. Perhaps this on 40-60% of my take and use the rest for timing. As I get better at timing I may move more into this - (but I am damn proud of myself for trying to get out of GMST at 74 but my password expired and in the 30 seconds it took to go throug that and refresh the screens GMST fell 3 points) Hopefully I have learned my lesson about falling in love with a stock (RMBS is now flat). Thanks for all your help!!!