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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: tekboy who wrote (8963)	10/27/1999 9:51:00 AM
From: TigerPaw	of 54805

cash I try to keep cash ~5% although in some circumstances I go down to zero or less (margin). Market timing? I don't think you can call a top reliably but I've had good luck buying steep dips in good stocks for short term gain. It provides enough excitement that I am not so tempted to buy and sell my core positions. So I intentionally keep about 5% in short term trades. I try to buy when a fundamentally good company gets hit with some rumour or something (sometimes it's even true) and plunges to a greatly reduced level. Just how reduced depends on my mood and feel. (Examples TYCO a week ago, LU at $55, and my latest play MXTR at 5 1/2 which is an example that is not panning out as quickly as I hope). I usually start selling covered calls to (nearly) guarentee a profit and eventually force me to sell so I have cash again to play more. (I use an IRA account for these types of trades to postpone taxes and to keep me from mixing the money with my core holdings). I don't think it is any more profitable than holding a good stock, but if all I did was watch, even if the stocks are going up, it drives me crazy. TP

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