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To: Don Kelly who wrote (1140)2/19/1999 9:05:00 AM
From: Batgirl  Respond to of 1329
 
Thankyou for your response. what would happpen if a postion runs $6 against you and the co. ie sath comes out with great news such as a portal deal and better than expected earnings. Is there not a high risk the stock(ie. Sath) could run up to 40 on such news and crash back to only 25 then keep going up. what would happen to the short postion at 23 3/4 then.
For this reason. (that we dont know exactly what is going to happen in future) diciplined traders beleive it is better to admit you are wrong and cover a losing postion assquickly as possible and re-enter at a better price and keep doing it until you get it right. Not only should this increase profits eventually but reduce risk. It wouldnt surprise me if Anthony and hibernate did this too.
Id l like their comment.



To: Don Kelly who wrote (1140)2/19/1999 12:23:00 PM
From: Batgirl  Read Replies (2) | Respond to of 1329
 
So your short answer is: Yes,Anthony generally lets his losses run sometimes over $6 against him until they eventually turn into profits- or even greater losses and recomend s his followers do the same. Are you sure this is anthonies position? Are you sure he didnt cover when he realised he was wrong and re-entered at a better price which is what a good trader would have done. I do have a point to make eventually.


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