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To: jjstingray who wrote (82649)9/24/2003 1:18:58 PM
From: marginmike  Respond to of 209892
 
if breakouts fail its lights out, my bigest concern was that if we are going higher we would go MUCH higher as to many things breaking out of long segments of sideways or 4's. No way targets on indicies could match targets on stocks like IBM projecte to 120, and pg, bkx etc. So I wouldnt be surprisewd if the breakouts were Bull traps



To: jjstingray who wrote (82649)9/24/2003 1:28:01 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
ajtj, I'm the same nervous bull you are

But did you mean that you have only one long right now (and it is doing OK), or only one long that is doing OK today (with others that are down)? I've got 5 that are up today.

Take a look at PCU that I mentioned last night, and you'll see that copper is used to make dollars rather than pennies <g>



To: jjstingray who wrote (82649)9/24/2003 1:40:41 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
re: longs, I actually bought an oil service stock today up here on Toronto. Up 3% since I bought it, LOL! Trades on the Naz too TESOF.

Not everything sucks here, but most things do.



To: jjstingray who wrote (82649)9/24/2003 1:50:31 PM
From: Perspective  Respond to of 209892
 
That is what has kept me from trading anything long in this years' drive, although I'd be a bear with a cheap bull suit rented for the time being. That would make me as nervous as a sheep in wolf's clothing at a wolf's night out.

I know that I don't make a good trader when I'm nervous, so I haven't traded - for the better part of the past *year*. That's right - my only (unhedged) positions are my 20% gold exposure.

One must know one's weaknesses as well as their strengths.

BC