Hello Linda,
I thrive in the up/down/up, and in the up/up and up environment. I have not done well in the 1993/94 drip down, drip down, and drip down environment and I doubt I would do well in the down/up/down situation. I am trying to figure out how the down market can be played without incurring too much risk: sort of the mirror image of selling puts and going long in the up market (i.e. selling calls at lower strike price and buying calls at higher strike price). I just do not know yet.
A realistic assessment of recent success would be that information business, by coincidence, constitutes the majority of my workday focus now. I suspect much of my recent successes has to do with being in the right sector and being in the best companies of that sector. Fact is most companies are not nearly as up as the ones popular on SI boards. So, I guess it is fortunate that the Yahoo!s of this world does the up/down/up as opposed to up/up/up. I suspect, for example, that a real metals expert can make money in down as well as up metal markets, something I am not sure I can do in the information market.
Speaking of up/down/ and ? I am quite enthusiastic on RTRSY now as they are the grand master of infomediary, and the Reuters Ventures holds a lot of good stuff, plus the coming Instinet.com early next year, reduced trading volume or not. |
