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If a trade has gone against you it is too late.
Only on expiration day, you can confirm if an option-trade has gone against you,
not any sooner. And if its a stock-trade....................then just hold on to it, it is then
an expense that one has to fourge out to make profits (elsewhere).
A common business rule.
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: "John Manasco" <john@xxxxxxxxxxx>
Aan: <metastock@xxxxxxxxxxxxx>; "Guy Tann" <grt@xxxxxxxxxxxx>
CC: <metastock@xxxxxxxxxxxxx>
Verzonden: dinsdag 26 september 2000 19:18
Onderwerp: Re: Re[4]: DRAM shortage?
> Good question Mark. How do you manage trades that have gone against you? Do
> you use tight stops, sell covered calls (ugh), buy puts(ugh,ugh), offset the
> trade in another market?
>
> John Manasco
> ----- Original Message -----
> From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
> To: "Guy Tann" <grt@xxxxxxxxxxxx>
> Cc: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, September 26, 2000 12:18 PM
> Subject: Re[4]: DRAM shortage?
>
>
> > Hello Guy,
> >
> > GT> As I put in my email, we're holding this stock for a while in case
> this DRAM
> > GT> rumor of a Q4 shortage is real. Since I have no idea whether it is or
> not,
> > GT> I'm buying some for my own account.
> >
> > GT> In case anyone wants to follow this trade we're long MU at 60 1/2.
> >
> > gee Guy since you always have advice to give out i was wondering HOW
> > THE HELL ARE YOU GOING TO MANAGE THIS TRADE? OR ARE YOU? now that we
> > are trading at 49 do you have a plan? are you advocating buying more?
> >
> > next time you do this you need to sell calls against your position to
> > help eliminate a fiasco like you have gotten yourself into.
> >
> > GT> We're also long TSM at $28 3/8 (I think, going from memory here)
> > GT> and we'll hold these for a while, regardless of our other signals.
> >
> > at least its a cheaper stock. but you should have sold calls against
> > the position also. steal the idea make it your own and include it in
> > your future debacles. maybe you will be more cautious of your
> > recommendations in the future.
> >
> > i see that Steve Karnish hasn't shown his face since he gave his last
> > advice either. maybe there is a lesson to be learned like posting
> > VAGUE stats and numbers with many important zero's behind them like
> > Ton Maas (aka-remove nospam) does.
> >
> >
> > --
> > Best regards,
> > Mark Brown mailto:markbrown@xxxxxxxxxxxxx
> > Y = Offset + Amplitude * sin(Frequency * X)
> >
> >
> >
>
>
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