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Thursday, July 22, 2004

  Today was a first. I shorted a stock. Shorting a stock is called selling a stock short. It's where I tell my broker to sell a stock that somebody else owns with the promise that I will buy their shares later. Of course the idea is to buy back the stock at a lower price than what I sold it at.
  Well, that's the way it's supposed to work. I lost 16 bucks. It's not much but it's the fact that I screwed up. It bothers me. I must master the short sale. Watch the bottom drop out of the stock tomorrow. I won't be able to watch it tomorrow. I'll be helping out a couple of friends that are moving to North Carolina, the parents of the baby-matics. I'll be missing the workouts.
  Whenever you short a stock then you have to "buy to cover." Like I said, you should buy the stock at a lower price than what you sold it at. See, You don't just have to buy low and sell high. Sometimes you sell high and buy low.
  Just make sure that you pick a very active stock, not one that only trades twice a day.
  The buzz word of the day is sesquicentennial.
  I've just finished watching Bubba Ho-Tep. It's one of the better B movies I've ever seen. Of course what do I know? I watched Satan's Cheerleaders for the plot.

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