From the Trading Desk

SLXP 1-24-01 to 6-29-01

This was a great long for me during this time as it was an IPO with a beautiful pattern. Sadly, I did not load up on the initial purchase. It was the second purchase that was the large buy. But as MY luck would have it, it closed below the 50 DMA about a month later forcing me to sell half. So this was not a huge position by the time the top came around, but, I can still gladly say that I made a good amount of money on this purchase, during a time when the market fell 25%. SLXP produced a 126% gain in five months.

the buy:

slxp1_24_01__Large_.PNG

the second buy:

slxp2_9_01__Large_.PNG

the top:

slxp6_29_01__Large_.PNG

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