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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (2211)	6/16/2001 3:16:39 PM
From: Michail Shadkin	Read Replies (1) \| Respond to of 6873

Rashid Garuba - Re: sale of EMLX I had several reasons for closing the position in premarket friday. 1. I was down 10.75% on a trading position. 2. I was 3 - 2 to long side, where it looked like the NAZ could go significantly lower after JDSU and NT giant warnings. 3. On a chart basis, EMLX showed weakeness and a possible further breakdown. 4. This was a very short term trading position and I never let these get out of hand. I was wrong and I moved on. 5. In retrospect, I wish I would of used 30.00 as my stop like originally planned. Sometimes we just outsmart ourselfes and look silly doing it. traderpulse.com Michail