I am using margin like u are paying mortgage

In a bear market, there are a lot of opportunities, and single stock's absolute bottom generally do not overlap with general markets. So when I see an opportunity, I will buy, if opp gets bigger, I use margin, But I usually do not use full margin, I maintain a safety buffer, that is why I did not get wiped out this time facing this violent drop. Also I put in my paycheck every two weeks to reduce my margin.

During the past weeks, I know it is very dangerous, I watched market 24/7, reading news, posts like crazy, adjusting my positions as things developed, finally I successfully come out of this crisis, with my capital preserved, and today profit comes back. I am not a pro, but I work harder than a pro.

Anyway, think how you use "margin" to buy a house, you will understand my strategy of using margin to buy stocks. I am aware of CHK's CEO story, he must not pay enough attention or he is wishful thinking that market won't get this bad. Also his concentrated position on CHK also makes him very vulnerable.

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• remember one thing, even for a bear market, -longtermInvestor- ♂ (705 bytes) () 10/14/2008 postreply 00:05:12

• LI, your EPD call was right on the money!good job! -(弹弹)- ♂ (0 bytes) () 10/14/2008 postreply 07:29:41

• thank you! -longtermInvestor- ♂ (0 bytes) () 10/14/2008 postreply 12:49:33