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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Irish who wrote (11214)	6/27/2001 10:04:02 AM
From: Paul A	Read Replies (1) \| Respond to of 19633

: ) IM just watching the madness now tho.. Still on a mental break- a much needed one.. IM actually not on vacation from work, but rather from trading.. Im waiting for the fed reaction today and tomorrow, and will probably just watch next week before dipping my feet back in the water. I simply dont like the way the markets acting.. I still hate the semis and think they should get a 10-20% haircut here, and the dow is still at ridiculous levels.. but until the market sorts it all out and decides if it wants to look at the present or the future- I cant keep fighting it.. Lots of money to be made tho if you pick the right direction.. but I dont want to push my luck considering the last 4 bets I made against the semis have all paid off.. but it was anything but easy, and probably took a good 5 years off my life with all the smoking and drinking to reduce the stress.. I really put a bit too much cash on the table for such gutsy calls, and that was mistake number one.. I think it was Anthony Elgindy that said if your positions are keeping you up at night you over allocated.. and with CCMP, that was definately the case.. It paid off this time, but like my old favorite ADSP- I just cant believe that sometimes I forget and push allocation aside.. (of course with CCMP I had nowhere near the amount I had of ADSP but still..)- Man, with ADSP I shorted 100% margin to the max and all.. and the bastid ran to 60 from my short at 10.. in 1 hour.. so never say never : )