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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 88.13+1.0%Nov 21 9:30 AM EST

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To: Richard Habib who wrote (24935)7/17/1999 11:28:00 PM
From: JH  Read Replies (1) of 93625
 
<I'm about 80% cash right now with 110% gain, last year 168%, since 94 average 70% per year. Making money at these above average rates requires work, about 10 hrs a day>

Richard, I concur with your philosophy. Like yourself, I spend a considerable amount of time "working". In my case, my "work" hours are typically from PM8:30 to AM3:00 (HK time). During the daytime, I spend an additional 2 - 4 hours conducting research in preparation for making my trading decisions.

In October 1998, I started a "fund" composed of US equities and options. Since inception, it's +178%. YTD, it's +77%. Since most of my positions are in options (which were liquidated last Friday) I'm about 70% cash at this time. I will be on vacation for the next few weeks, so I am content to sit on my earnings until I return.

Guess those of us who outperform simple "buy and hold" strategies through active management will continue to believe in our own work philosophy.
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