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

To: isopatch who wrote (26822)	1/27/2003 5:00:26 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 36161

Re: I'm still holding the entire position bought in my taxable account at 1.85 ave basis, but I've been in/out several times in my IRAs w/decent success. Bought back today between 4.22 and 4.15. Short term I expect a mini run into earnings hopefully back to 4.5+. On the 60 min chart there's a downtrend line that will be broken on any move above 4.25 tomorrow so we'll see. Might have to close that gap around 3.85 first. If we get any sort of run to the high 4's or low 5's into or post earnings I'll likely dump those shares and revert back to a core position. These days I've been trying to limit most of my short term trading to my IRAs as I'm really tired of paying 50% taxes not to mention having to "estimate" taxes during the year.