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TODAY IN HISTORY

    FIRST EXTINCT-ANIMAL CLONE
    January 23, 2009 - Aragon, Spain

    The birth and 7-minute life of the first extinct-animal clone was described in the journal Theriogenology. A clone of the Pyranean ibex, or bucardo, was created using DNA from frozen skin samples taken in 1999 from the last individual before it died (6 Jan 2000). The mother was a closely-related subspecies of the Spanish ibex. The surrogate goat was implanted with an egg into which the bucardo's DNA had been inserted to replace the original genetic material. The research effort was the work of a team of scientists at the Center for Agro-Nutrition Research and Technology in Aragon, Spain. The team had implanted 208 embryos in different goats, of which seven became pregnant. Of those, just one resulted in a live birth, a clone that died within 7 minutes of respiratory failure due to lung defects. The bucardo thus went extinct a second time.

    ANIMAL-TO-HUMAN HEART TRANSPLANT
    January 23, 1964 - University of Mississippi, U.S.A.

    The first animal to human heart transplant was made. Dr. James Hardy at the University of Mississippi transplanted the heart of a chimpanzee (named Bino) into the chest of Boyd Rush (age 68) in a last-ditch effort to save the man's life because no human was heart available. The newly-transplanted heart beat on its own; but it was too small to maintain independent circulation and Rush died after 90 minutes. Hardy had to endure some severe criticism. (This was three years before Christiaan Barnard performed the first successful human heart transplant). Hardy also made the first human lung transplant in 1963 and a double-lung transplant that left the heart in place in 1987.

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Whipsaws In The Market :

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ARTICLE INFORMATION :

A whipsaw is a representation of profit-taking going on in the market.

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One of the factors to consider when trading with stop-losses is whipsaws. Whipsaw is the name given to the tiny and regular market movements during trends. For example, when a share is in an overall bull trend, it will periodically turn over and fall in price for a couple of days, before resuming it's general upwards trend. This is a whipsaw. A whipsaw is a representation of profit-taking going on in the market.

People who have made a good profit on the share after it has had a strong rally up are now selling to realise that profit. Their selling pressure temporarily halts the upward bull trend. The market absorbs these sellers with an abundance of buyers and then the share continues its bull run. Whipsaws exist in bear markets too. One of the threats of using stop losses is the risk of being; Whipsawed-out; of the market.

If the whipsaw is greater than your stop loss, then you may end up selling before the share reaches its actual peak. This is just one of the realities of share trading. It will definitely happen to you. It happens to the best of us. All you can do is to develop a series of selling strategies to complement your stop loss. Serious traders have been known to use up to and over 5 different selling indicators on each trade. All indicators must be positive before they will sell the share. Even then, it only improves their trading, it doesn't make it 100% reliable. For most people, though, just using a stop loss will go a long way to improving their trading results.

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