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I forgot to send this mail to RTs.Message-ID: <373AFA0A.EC035487@xxxxxxxx>
Date: Thu, 13 May 1999 09:12:58 -0700
From: Mervin Yeung <tinyeung@xxxxxxxx>
Organization: @Home Network
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To: SPBroker1@xxxxxxx
Subject: Re: cotton
References: <46b0ea4a.246c4f52@xxxxxxx>
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Hi RTs,
This may be insensitive, but your client was doing the wrong thing when
he went long because cotton has been in a downtrend. Buying in a
downtrend is usually a bad idea.
I rarely did anti-trend trades. That was not my method to lose money.
My method to lose money is using breakout rule.
Mervin
SPBroker1@xxxxxxx wrote:
>
> In a message dated 5/13/99 11:50:29 AM Eastern Daylight Time,
> tinyeung@xxxxxxxx writes:
>
> << Hi RTs,
>
> I thought cotton would go to hell before the open. Actually, cotton has
> held up pretty well so far. Is any RT trading cotton out there?
>
> Mervin
> >>
>
> I dont trade it but have a client that does. He was long at 61.10, held it as
> it dropped to 58.45 a cple of days ago and then dumped it when it traded back
> to 60.30. He
> thinks its going lower and is looking for a retracement to sell it.
>
> Peter
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