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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: JeffA who wrote (27045)4/13/1999 12:17:00 PM
From: MARK C.  Read Replies (4) | Respond to of 90042
 
Not to personal, My average price in FORE is 20 1/2. I bought a lot on margin and at the same time had another stock I own go down and didn't catch it in time. It is called being overextended. That is fine if things are going up but if they turn against you and you leave no room for error , WAMMO, margin call. Always leave yourself some margin for error. jmho, MarkC.



To: JeffA who wrote (27045)4/13/1999 12:25:00 PM
From: MrThesp  Read Replies (1) | Respond to of 90042
 
I was doing fine in FORE except for a couple bad moves...

Sold (like a dummy) on the dip on 4/7 so I could trade w/the cash during the day. Didn't do well that day and had to pay a premium to get back into FORE to hold overnight. My average price is currently over <<edited...just read Tim's post>>. Normally I would have sold when it started to dip this morning so I could get it back cheaper but, after burning myself the last time, I was a bit gun-shy.

Oh well...we all have good and bad days and since 3 of my major holdings are down today I'm “licking my wounds.”

C'est la vie! {;-)