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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: flightlessbird who wrote (5916)	3/2/1998 4:50:00 PM
From: viper	Read Replies (1) \| Respond to of 10836

KRY IS TANKING/KRY IS SOARING/ Guess I really got you?? Congratulations on your performance since the plummet, am looking very very forward to the final verdict, when this company will trade on reality.

To: flightlessbird who wrote (5916)	3/2/1998 8:25:00 PM
From: Ward Nicholson	Read Replies (2) \| Respond to of 10836

Flightlessbird: He covered at about $6CDN if I am remembering correctly. If you're still out there Ward, I bet you're breathing a huge sigh of relief!! Well...yes and no. I covered the rest of KRY just under $6 with a small profit, but thereafter I ended up shorting the one oil exploration stock on the whole F-ing board that didn't drop when the Iraqi situation cooled down. Oh well. Maybe CA will be good to me. ;-) Anyways, w.r.t. KRY, when a trade goes against me I have little problem with closing out my position, be it at a small loss or small gain. I set a $6 roof and KRY knifed its head through that roof. Breathing a sigh of relief? I guess so. I never really gave it a second thought, but I suppose you're right. The thing is, I would never let myself hold a losing position that long, i.e. holding a short position from $6 all the way to $11.75, if it violated any rules I had set for myself. Perhaps, it's more accurate to say I'm glad I learned about money management (cutting losses) a long time ago. From my experience, no matter who you encounter on these threads, the most formidable enemy a trader will ever face is himself. Bar none. For the record, I wasn't paying close enough attention to KRY after it broke $6, so I never did go long. I do follow it, but I've yet to find a comfortable place to go long or short it again. I almost shorted it at $10, but I held back. Today I almost shorted it at $11.75, but I held back. Truth is, this stock bewilders me...and I have a tough time trading a stock whose behaviour I don't understand. So, I remain on the sidelines for now. WN