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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Joe Antol who wrote (18873)	12/3/1997 3:52:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 42771

Hi Joe, FWIW There isn't much difference between believing it's going down and waiting for a better price and believing it's going down and taking out a short position. I've watched damn near every tick, and every change in the patterns, and read every news article I could find for the last 8 months. The only times I've been hurt by this dog is when I didn't trade when the patterns told me to. For awhile last summer I was getting to where I could hit it within a 1/16 on most passes. I was telling people on the thread what I was doing as I went. After awhile it got to the point where some folks seemed to think that somehow I was responsible for the movement, rather than that I was just doing what I thought would work best. I got to feeling so guilty about making money while everyone else was singing the blues that I stopped trading. Since then I've watched about 40 grand worth of obvious trades slip through my fingers. It's taken me 8 months to go from blind faith to cold reality. Screw guilt. This dog is in free fall mode and win, loose or draw my bets down. There is always the uncertainty factor. There is no way to predict unpredictable events. CNBC, Asia, Greenspan, whatever. I've only been trading for a little over a year and still consider myself a rookie when I consider all the things that I should know that I haven't had time to learn yet. Maybe in another 20 years I'll know enough that something I say might move the market but for now the main reason I post is that I just plain get bored watching ticks all day. If I eventually get to a point where I really know what I'm doing, I'll probably stop posting altogether because I'll be making so much money that it will be a waste of time. This may sound a little like a flame but it isn't. Part apology for being a little too rambunctous the last few days and part statement of position. Regards, Don