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Re: Gillette post# 12477

Thursday, 04/09/2009 4:05:27 PM

Thursday, April 09, 2009 4:05:27 PM

Post# of 97239
I had to let FAZ go at $11.54 because I have been on margin call since the open. I had 100% margin buy on this thing and it is down more than 40% which means I lost about 80% so I just about cleaned myself out today. Almost like starting all over again. You guys will have to forgive me for lack of posting over the next couple days while I go crawl back into my hole and figure out why I can't follow the rules - all in with 100% margin, with no diversification, on a stock that had not yet confirmed my buy signals, and to stubborn to cut losses first thing this morning.

My best hope is that my experience today will sharpen the skills of those of you who are getting lose with your descipline. Remember to follow the rules or risk getting cleaned out. It can happen to anyone and it does every day.

Brad

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