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Yuki, your mastery of the English language is absolutely
fabulous, did you grow up in England, India, or the USA? I love reading
your posts, especially your post that included your
suggestion that an Amibroker poster should return to his
village because his village was looking for their village idiot. Ron
D
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----- Original Message -----
<DIV
>From:
Yuki
Taga
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003 1:35
AM
Subject: [amibroker] the joy of being
almost flat
Don't know what the US holds in store for everyone tonight, but
theNikkei/Topix was about as ugly as it gets today. What wasn't down
5percent was down 9 or 10 percent. I only exaggerate slightly.
^_^Nikkei futures off 600 (!) and the broad-based Topix, which closed
at1105 on Monday (yes, four days ago) closed at 1017 today.
Cananybody say distribution? ^^_^^Fortunately, I was about
as flat as I get. Only thing I had was avery small piece of a
mainline pharmaceutical that lost 2 percent,but I lost almost nil as it
opened almost unchanged, I stepped outimmediately, and re-entered on the
close. Baby and bath water, outthe window today. Of course we've been
absolutely frothy of late, andthis was an accident just waiting to
happen. I was holding thepharmaceutical only, figuring that the
group has just about missedthis entire year's move, and if the froth
turned out to have stayingpower somebody might decide the group looked
cheap -- certainly thereare precious few bargains elsewhere right now. And
if the froth wasindeed just that, I knew at least there was no air pocket
in thatsector.I bought 10,000 Nomura (once the world's largest
brokerage firm backin the bubble days) at 1900 last Thursday. I sold
it Friday at 1950,and then watched in absolute horror as it exploded on
Monday to closeat 2120 at our lunch break (ugly amount left on the table,
but I wasalso very aware of the aforementioned froth). It closed today
at1786. ^_- This is *extreme* volatility, folks. That stock as a
longterm ATR of about 40.Yuki------------------------
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