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To: limtex who wrote (103756)9/4/2001 10:41:05 PM
From: plow guy  Respond to of 152472
 
anybody out there excited to see if 53 holds thus forming a tradable uptrend? (draw line using april & july lows)

stochs need a couple of days to catch up.



To: limtex who wrote (103756)9/4/2001 10:43:57 PM
From: golfinvestor  Respond to of 152472
 
<Of course one might say this is a great BO.>

L,

The problem is you really never know when you've hit bottom until AFTER you hit bottom. I'm not as talented as MM to time this market, so I'll ride out the storm and collect some covered call premium along the way.

Best,

Golf



To: limtex who wrote (103756)9/5/2001 1:58:02 AM
From: Sawtooth  Read Replies (1) | Respond to of 152472
 
L, why not keep it simple and set yourself a mental (or real) stop loss right now, then stick to it. You'll know (reasonably) what your capital preservation point will be and you can always choose to reenter the position at any later time. 'nuff said.

Best way I know to turn an investment into a white knuckle ride is to not have a clear exit strategy in place. Been there.

........VVVVVVVVV


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