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To: patron_anejo_por_favor who wrote (221415)2/14/2003 6:18:04 PM
From: stomper  Read Replies (2) | Respond to of 436258
 
Did you read him yesterday? You could just see his eye's glazing over like a Stepford husband as he described his first encounter with the yellow dog.

-dave



To: patron_anejo_por_favor who wrote (221415)2/14/2003 6:20:43 PM
From: patron_anejo_por_favor  Respond to of 436258
 
Another good post by Mark on CapitalStool, preaching caution to the bears:

Posted: Feb 14 2003, 05:14 PM

Mr. Hanky:

I caught a lot of heat for even mentioning the low volume decline as a prelude to a major bounce.

But I'm sticking with my promise of giving everyone ample warning of a bounces during 2003. Including the possibility of a new cyclical bull rally.

Not warning and staying short the entire time in 2002 was a disaster, and we lost lots of traders then. I believe that even Merciless got blown out, and that's why we haven't heard from him.

Today, we lost Fxfox.

Do not know how these guys can sleep at night playing these options.

Lucky for me, my trades are spread out pretty good, so I don't get whipsawed as much.

I will likely close all stocks that went up on high volume like DELL (sign of strength), and reload later with weaker stocks which didn't move as well today.

Healthcare and drugs is a good example of a weak sector which didn't get heatmapped.

Lots of arguing about all the different pundits, predictions, methods, etc. lately.

But the rate we are going now, Capitalstool is losing members because not enough attention is being paid to the long side.

The massive "3rd of 3rd" wave down will happen, I'm not so sure that its happening now.

Better off covering first, ask questions later.

Preserving capital should be the highest priority. If you are wrong, and have to re-enter the trade at a worse price, that's still better than getting your butt blown off in these 10 hour hysteria jams.

The goal here should be to help everyone stay out of harm's way, as well as make money.