Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Joe Smith who wrote (8406)	11/16/2005 1:08:39 PM
From: GROUND ZERO™	Respond to of 12411

Absolutely... I just wanted to close out my hand completely, I think we're probably near a topping level...IMHO GZ

To: Joe Smith who wrote (8406)	11/16/2005 3:37:27 PM
From: Joe Smith	Respond to of 12411

I am so glad that you have not "decided" whether this is just a consolidation before another leg up or the beginning of a new leg down... <GGGGGG> I love your style GZ and I have learned so much here...

To: Joe Smith who wrote (8406)	11/16/2005 4:17:55 PM
From: Ish	Read Replies (2) \| Respond to of 12411

<<I keep tightening my stops since I cannot pay full time attention.>> Stops. I have coffee with a guy who made $10,000 in 3 days playing bean futures. A week later he bought 5 contracts, that's 50,000 bushels. I told him that he had better watch real close and he told me all he could lose was $10,000 as he had a stop at 10 cents down. Jeeze, this guy is 70 years old and thought he was protected. The next day beans opened down 35 cents and dropped to 45 down. That afternoon I asked him if he had sold the beans and he again tells me about the stops. I told him to call the elevator when the market opened the next day. Beans opened 30 cents lower that day and the elevator told him the market had dropped past his stops before it opened and was still the proud owner of 50k of beans now worth 75 cents per less.