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Hi Dennis:
Thanks for the vote of confidence.
It's true that the leaps I bought were at one time about 3 times my
purchase price AFTER my averaging down. Unfortunately I got greedy (please
read my post on "the danger of averaging down") and now they expire to zero.
My weakness is trading discipline.
Regards,
Wong
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At 12:32 PM 01/20/2000 -0800, Dennis Holverstott wrote:
>> I get nervous when I see Wong's post without warning sign.
>> We have many new people on the list.
>
>True, but in Wong's defense, he seems to have a real knack for calling
>bottoms. Averaging down only works if you are sure a bottom is near.
>Many, including me, were skeptical when he said he was buying leaps
>calls in oil. Man, was he right and were we wrong. Credit where credit
>is due.
>
>ps - Isn't LU announcing earnings today? Could it be sell the rumor, buy
>the news?
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