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To: Sarmad Y. Hermiz who wrote (3862)1/9/2003 4:09:37 PM
From: stox19  Read Replies (1) | Respond to of 13403
 
NVLS bot 1000 @ 33.13 at 15.31
NVLS sold 1100 @ 33.35 at 15.57 900 from above and 200 from earlier purchase (500) bot for 33.87.

Sarmad, The bulls got shaken in the last 30 minutes of trading, NVLS went all the way down to 32.76 which I think would have been a great buy.



To: Sarmad Y. Hermiz who wrote (3862)1/10/2003 12:45:52 AM
From: advocatedevil  Respond to of 13403
 
OT - Thanks Sarmad. That's an example of what I consider to be the most difficult and dangerous ST trade to make - twice pressing a losing play into a large position against the trend. Generally, the smart move is to book the quick hit, step aside and analyze the initial mistake. Many of my ugliest losses have occurred in this same scenario. My gut was telling me to stay the course and I was encouraged as INTC wasn't maintaining an equivalent advancing pace with AMAT. As for what caused the market to turn down, well all I can say is that I had nothing to do with those rumors on the floor!

AdvocateDevil