Decided to punt Rex Intl yesterday based on certain observations I saw. At first it looked good, but because I am a really short term punter and usually finish my trades within Contra period, today, I decided to take 1 pip and run first. After taking 200 lots at 0.595, the stock dropped 1 pip back to 0.59 as of closing today. Ok, so I made about a few hundred bucks after commission but it's not about the money that is important. It's about my observation skills and the selection process. A lot of counters ran madly today, but well, who never made wrong selections before? I guess I am still human afterall. :)
Ronald K - Market Psychologist - The Big Speculator
