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A few moments ago I sold my 200 shares of Dynamic Materials (BOOM) at $33.12. Due to my "day-trade" in BOOM last month, the basis for these shares is considered $36.89 and the purchase date of 4/27/06. Thus, with this basis, my shares have incurred a loss of $(3.77) or (10.2)%. Thus, regardless of how much I like this particular company, my trading discipline demands that the shares be sold. Further, with the sale of shares at a loss, I shall be 'sitting on my hands' with the proceeds, moving from equities into cash. (or less margin as the case is actually). Again, I am waiting for a sale at a gain, what I call "good news" to add another position to my portfolio.
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