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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (3761)	12/4/1998 10:11:00 PM
From: LastShadow	Read Replies (4) \| Respond to of 43080

There is one thing I would like to say though. I don't consider trading to be in any way 'parasitic'. In a free market, accumulating, shorting, following in hordes, or staying away from a stock is the single most powerful means a capitalistic society has to voice an opinion about an equity. There are exceptions, and IPO's of net stocks aside, we express our valuation with our own money. We may be wrong at times, we may be right. But collectivley that assessment is weighed - hopefully the message gets through when the decision makers, and I admit to being one of those, see if the economic community decides the stocks value, and any related options of course, are reflective of the choices made, the courses planned, and the results. Trading is no less ignoble than any other occupation at which one applies themselves with honest effort. It is, however, a whole lot better than being a bond trader though... ls

To: Dave Shares who wrote (3761)	12/4/1998 10:13:00 PM
From: BarbaraT	Respond to of 43080

To L.S., AT and Jay - Thanks, all. LS - sorry I missed your post. Overslept this morning (got up at 6AM PST) and didn't have enough time to sift through all the posts. Just so you don't think I'm totally out of it ... I did sell half of my position in ONSL (unfortunately after giving back more in profit than I netted) - but I did sell the half at a double so that if ONSL goes down to $2, I cannon lose any money. But I was wondering if, after selling at 56 - it looked good to anyone to buy back if it should hit 35 (which it did, and which I chickened out). I also sold all of my MALL at 59 for a 30 point gain since I felt they were both running and I felt if one fell, so would the other. So I kept ONSL - which ran to over 100 and finally sold the half at 56. Obviously, should have sold sooner but I like ONSL and thought it would come back. I know - shouldn't let emotion get in the way. But sometimes my instincts are right and then I kick myself for not having faith in my own feelings. Anyway - this thread has been a learning experience and I appreciate all the feedback from everyone. I won't be anywhere near a computer or tv on MOnday so perhaps it is best that I did not buy ONSL today since if it tanked on Monday, I wouldn't be able to do anything about it. (My woman's intuition tells me that ONSL will go up on Monday with a lot of the nets - and my intuition has always been better than my crystal ball).