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To: bw who wrote (1317)	7/24/1998 1:20:00 PM
From: Lucretius	Respond to of 14427

RE: SCTR........ Let the balloon go. (G)

To: bw who wrote (1317)	7/24/1998 8:44:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

I may just listen to you guys and let that evil balloon go on Monday. <gg> Want to share a tale of good fortune with you guys. It is about my OS (just VRC and FGII) trades the past two weeks, keeping in mind that OSX is down about 15% during this time and I did not short a thing: 1. VRC - in 19 7/8, out 20, net 1/8 = +0.6% 2. FGII - in 24 1/8, out 24 3/4, net 5/8 = +2.6% 3. VRC - in 17, out 18 7/8, net 1 7/8 = +11.0% 4. FGII - in 25 1/16, out 25 3/16, net 1/8 = +0.5% 5. FGII - in 24 1/8, out 24 7/8, net 3/4 = +3.1% 6. FGII - in 23, out 24, net 1 = +4.3% 7. FGII - in 22 3/4, out 22 7/8, net 1/8 = +0.5% 8. FGII - in 21 3/4, out 23 7/8, net 2 1/8 = +9.8% -------- 32.4% -------- Overall I think I have been very lucky. The lesson here, I'm sure not all will agree, is to pick a game plan for a stock. I don't know why I have always been able to pick the intraday and day-to-day direction of these drillers/OS stocks but the charts certainly have helped a little. Hopefully, this will serve to show how an investor (yes, not speculator as I always stay true to their business) in the driller/OS can profit by conservatively trading and not speculatively buy-and-hold. Afterall, I have done this for two years with pretty good overall results regardless of whether they go up or down. By being conservative, I am holding no risk going into this weekend. By being conservative, I also avoid most of the heartache. If being speculative, I would have averaged down and lose a shirt each day the past two months. No joke. Hope this also serves as an example of why one needs to keep the priority straight - the objective of investing is to profit and there are many ways to achieve the end result. There is no one investment style that can fit all realities at all time. No way. My experience suggests the best approach is to understand the character of the stock and deploy a gameplan accordingly and never lose sight of the objective. That's why, I may just let this evil balloon lose and avoid one more pain in the butt.