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

To: Sergio H who wrote (10125)	11/7/1998 11:16:00 PM
From: freelyhovering	Respond to of 29382

Sergio--Man you are transforming!!! As for DeMark, he is too complex and time consuming for me. I understand he was here in Dallas a few weeks ago as a presenter to the local TA society. Maybe if I heard him I would be less freaked. BTW, I have had a major burn out of my TC2000 system trying to do an upgrade and am probably helpless with it until the end of the week when I will get a new CD. I also lost a lot of my other downloaded programs and have to rebuild. Such is the nature of a fickle deity who lets me win on one hand and then takes it away with the other. However, it was worth the win on GERN and I really know that the events are not related as I am not that important in the scheme of things to have such attention.. (I might be struck down for that, huh?) Back to your changing persona: I am very impressed with your ability to absorb and integrate quickly the mass of data and concepts that you do. Good to be your buddy and see you grow. Later, as I am getting too mushy. Myron

To: Sergio H who wrote (10125)	11/8/1998 3:05:00 AM
From: LTK007	Read Replies (1) \| Respond to of 29382

Sergio,I should be in bed,but after watching the telly,I decided to run a search for a good solid explanation of just how "shorting against the box" works---wow! what a beutiful hedge,I see now,that if I had used it strategically at critical points this year I would be awash in money:) Let's say when ABTX was at 28,and I say wow that's a nice profit-- but I think the stock is going to pull back now--but I don't know how far or how long---so I short against the box--now if the stock were to go up my profit would not increase,but neither would it decrease---now,as was the case the stock starts to fall--and fall some more and then it collapsed---but no matter how far it fell I still would have my paper profit I had at 28---readers PLEASE scream at me if I got this wrong--because if I am right--this is a great way to lock in profit when you don't want to sell.Max And to Bed