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

To: Mama Bear who wrote (4162)	1/8/1999 1:19:00 PM
From: Ploni	Respond to of 4634

Charles, did you know Raymond Burr passed the California bar exam with no other legal training than playing the role of Perry Mason? If I recall correctly it was with a very high score as well. I didn't know that. In the old days -- well, I should say long before my time -- you had Renascence men who could operate in many different careers. Unfortunately, now the system is set up that you have to have a formal education and degree, in addition to the knowledge. Thus, you have to have an engineering degree to get an engineering license, and an accounting degree to become a CPA, and I think (?) you have to have a law degree to sit for the bar, etc. I'm not so sure about AVNT here. I'd like to see it push 30 again. I'd hit it on a technical basis for sure if it did that. Don't pay too much attention to me though, I don't have a great history of calling AVNT's moves. What pains me is that I made 12K shorting (and with puts) on AVNT, but then gave back 10K when I shorted at 15 and covered half at 25. I held the other half and finally made 2K on that. So I'm kicking myself for covering at 25 instead of riding it out or shorting more. But hindsight is 20-20. I also predicted this run-up from the low teens, but I wasn't willing to go long the stock. I have a very small short position in the stock, now, anyway. I've learned the hard way that it's better to spread my remaining money around, rather than take big chances.