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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (9357)	10/8/1998 8:19:00 PM
From: Amigo Mike	Read Replies (3) \| Respond to of 29382

Hi Amigos, Did anyone try to buy APCO in the low 5's today ????? I placed 5 different orders at the current ASK for both stock and options and got NO ..... ZERO ...... ZIP ..... NADA .... fills. I AM NOT A HAPPY CAMPER. Amigo Mike

To: Ken W who wrote (9357)	10/8/1998 10:32:00 PM
From: LTK007	Read Replies (1) \| Respond to of 29382

Congrats,Ken for not bailing by covering for a loss on CNS--does Ken like Dean Witter? Regards myself,their has been a dramatic change regards ABTX,so I will not be liquidating my 18 cost/basis on it--and am now holding an equal amount at 9&3/32---so I will be going to cash selectively given an expected Bear Market rally fairly soon. The veteran traders are saying that the past couple days have been a massive fear selling blow-off--and their experience tells them this usually signals a coming of imminent relief rally.Max

To: Ken W who wrote (9357)	10/9/1998 3:16:00 AM
From: Prof	Read Replies (1) \| Respond to of 29382

Sorry Ken, didn't mean to be a scold! It's just that in this market I think we all earn our few and far between victories no matter which way we buy/sell the trend. I DO tend to get on my soapbox every now and then. I know what you mean by buy and hold being hard work. I wish it was still possible to do that safely. But times change, and markets change, and we either change our strategies (as I see you have done also) and thinking or we don't survive it. I've made more gains selectively shorting stocks over the last week than I have since last October on my longs (which I have slowly sold off so as not to be left with nothing - broke even basically.) I got hurt real bad last year just about this time, as did many others. I wish it wasn't this way, but it is. Yeah - my 403b (Magellan) fund ought to be renamed "The Bosnia Bankrupt Fund" - I hear they're thinking about sending out old 1987 year end reports so as to make us think the last 11 years didn't happen. Regards, Prof