Selling Puts: Have Cash Will Travel Message Board

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Strategies & Market Trends : Selling Puts: Have Cash Will Travel

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To: Tom K. who wrote (782)	1/4/2000 3:59:00 PM
From: David Lind	Read Replies (2) of 1235

Tom, I think the worm has turned today. How are you holding up? Under the heading of "Never try to time the market": I was holding a lot of cash waiting for a correction in late December. I made out like a bandit in November, so I figured I was extremely smart and I'd put some cash in the bank and wait for the "inevitable" correction in late December to buy back in. Well, I waited...and waited...and....waited. On Monday when buyers kept coming into the Nasdaq I figured I couldn't miss out on any more of the runup. So yesterday afternoon I pour gobs of cash back into funds to generate margin, along with some T-Bills. Well surprise. Timing couldn't have been worse. Although, it's kind of like hitting your head against a wall. The pain of waiting for a darned pullback may finally be over.

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