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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (6095)	11/4/1998 5:44:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

Hi Tom- That's exactly my motivation in following the available sells right now. My cash reserve is still Spartan at best and wouldn't sustain a continuation of a market downtrend without this major transfusion. Back when we thought the ride would go on forever, I was happy with once per week trading and would happily go back to that routine. Right now my little brood of red breasted cash reserves are all screaming "feed me! feed me! feed me!". Along that line, PGEX had a big rally today and I got off a couple sales there: one at 34- which was 3/16 over my limit for a FIFO/LIFO gain of 17%. Then I had a fill at 40-1/2 for a FIFO/LIFO gain of 40%. Not a bad days work! PGEX has had a wild and wooley ride as people variously associate it with telcoms, then the internet and then long-line bandwidth providers to the telcoms (which is what PGEX is). PGEX closed +10-13/16 at 39-15/16. What a day! OMQP and PGEX are both at recommended cash reserves, but the rest have a loooong way to go. EGRP managed to hang on at a little under 20- and maybe will rest there awhile. I'm really amazed that it rallied so hard. I need to see 20-3/8 for another sell there. Bruce