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


To: Grashopper who wrote (8159)11/24/2000 11:31:02 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Well, I broke my cardinal rule with CMRC, averaging down from $65 all the way to $32.5, it has reached close to 8% of the folio with five consecutive "averaging". I decided that is much too much, and will takthe whole position out soon. In the meanwhile I took $4 out of the bu$$ selling at $54 flat.

Zeev

In edit, CMRC went out at $38-3/4. This exercise was "expensive" but the run from $32.5 to $38-3/4, cut the "pain" just a little.