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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Gary M. Reed who wrote (3270)	10/1/1998 10:26:00 PM
From: Shtirlitz	Respond to of 4634

<< All I know is that if I cashed out of my DTLN position today, I would be up. >> Gary, Than why didn't you? Maybe because you want 30...35...25....10....5....? My wife just told me that DOW will gap up at the open. The knows, man. You better put a couple of market buy orders.

To: Gary M. Reed who wrote (3270)	10/1/1998 11:05:00 PM
From: Yamakita	Respond to of 4634

I don't typically use stop losses and I have zero worries of getting a margin call. Of course it doesn't matter if a position goes against you, provided the reasons behind the trade haven't changed. I'm not a daytrader. If I was daytrading I would be much more concerned, as you are, about whether I'm up or down on a daily basis. Most good shorts take a while to work down. You have no sense of learning. Of all the wonderful companies out there for purchase today at giveaway prices, you have to shill for a company that, in the estimation of several people with tremendous batting averages spotting rot in the books, is wildly overvalued. Do us all a favor and average down, all the way down.