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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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