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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (4591)	11/29/2001 9:31:40 AM
From: Roebear	Read Replies (1) \| Respond to of 36161

Douglas, My condolences on ENE, sorry to see that one bite you, you are much too good a gent for that. ENE never got beyond paper trades with me, though I was mightily tempted, I would not have held overnight without hedging. Actually had several trades bid on it but could not get execution at my price so I cancelled. I'm a bit funny on these bottom picking daytrades, if I can't get my price levels I won't trade. Best one would have been buying a large number of 7.50 put for .15 when it bounced in the low 8's and headed for 10 (that bounce a long trade I also missed). My broker balked at the order (never got a good reason why except it was ENE) and by the time I got it cleared the chance was gone. By Tuesday noon I quit watching it. My reasoning at the time was if it was impossible for me to enter properly at my levels, it would also be impossible to exit properly. I've got it charted eight ways from Sunday as it was the Magna Charta of falling knives, pianos, safe's and what not. As such it will go in my chart museum. It reminded me of some close escapes I had with some now defunct gold stocks back in 97-98 time frame. Best wishes to you with your position, hope you get a bounce out of it anyway. Roebear