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I jumped back in AMAT - 100 @ 26 and another 100 @
25 3/4. Which was pretty close to where I covered
on Tuesday. I was a little groggy this morning so
my trading reflexes were not to good. AMAT closed
around 24 13/16, so I felt much better about not
shorting at a higher price than when I covered on
Tuesday, which was 26 1/16.
I think the big thing was bringing closure to my
original short at 28 7/16 since it had gone
against me for several weeks. I feel much freer
and loser about taking a position now. At least I
did today.
Hopefully we will get another down draft in the
morning again.
I am still up about a point on NWAC and will
continue to hold. When I look at the charts there
is some heavier volume that has picked up over the
last week, but the price has not moved any where.
So something is up. I do have a feeling that the
price will not really drop until the strike is
over. And if it goes against me then I'll have to
average I guess. These brokerage firms are
sensitive to some of these companies needs and do
do at times try to help out when a company is in
trouble.
Harley
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