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To: Chuzzlewit who wrote (15499)3/19/1998 12:48:00 PM
From: waverider  Read Replies (1) | Respond to of 95453
 
Paul you make a good point. Churning one's account is risky. However, I lucked out this week by my timing. And I stress the word LUCK. But now I can enjoy the capital gain more because Uncle Sam is letting me write most of it off with my Cliff's sale. Now if GLM, NE and FGII tanked, I would assume CDG would too. So I'd probably be no worse or better off for the trade. A lot of assumptions here!

Diamond H



To: Chuzzlewit who wrote (15499)3/19/1998 12:59:00 PM
From: Lucretius  Read Replies (1) | Respond to of 95453
 
I think yours is the intelligent advise. I given up trying to say it. Maybe others will listen to another. (ggg) Talk on, wise one...........

-Lucretius



To: Chuzzlewit who wrote (15499)3/19/1998 1:40:00 PM
From: PnclNk  Read Replies (1) | Respond to of 95453
 
I have been trying (unsuccessfully) to find a way to determine the current oil stock situation in Korea, Malaysia, etc. I suspect that the current oil oversupply has more to do with financial/exchange rate instability than an actual drop in consumption in SEA. Is it likely that crude stocks are simply being drawn down while financial issues are settled - resulting in a big bump when the tanks need to be refilled? Any ideas on how to find out the truth? If we knew this we might know where the bottom is.



To: Chuzzlewit who wrote (15499)3/19/1998 2:51:00 PM
From: SJS  Read Replies (1) | Respond to of 95453
 
Paul,

I NEVER buy at the ask, and never sell at the bid. I pay about $15.00 for 1000 shares. Commissions used to be a consideration, they aren't now.

Whatever works for you. It's tough to grind it out, but there are a lot smarter people in this business with much better tools than I.

DaveP just day traded very successfully. I don't care about the quantity, as long as each one makes me something on the +++ side.