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Re: langostino post# 244216

Wednesday, 05/12/2004 6:08:25 PM

Wednesday, May 12, 2004 6:08:25 PM

Post# of 704047
Hey, I did not really do that much trading today, I came in just under 20% cash and left under 20% cash, though during the day I got fully loaded few times. I plan to get close to fully loaded almost every day during the day to exploit special opportunities, that is why I like to have some cash on hand, I wanted to reenter FCX at the bucker discount today, but lo and behold, I had already deployed everything, the same with MAGS and TASR, and in order to get ONXX (which I have been eying for mnths now, and finally I got the 10% to 15% discount from the last high), I actually had to dump RIMM (essentially even, just few pennies to the good), though I thought I could make at least a bucker later in the day. It turned out to be a wise decision, since ONXX yielded an hexa buker, RIMM would have had to yield a Deca for the same results, so, c'est la vie.

AZH

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