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Non-Tech : The Critical Investing Workshop

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To: invictus who wrote (8594)3/22/2000 12:37:00 PM
From: bela_ghoulashi  Read Replies (1) of 35685
 
EJ:

These trades only represent about 20% of bland's portfolio. So he is only being "conservatively" conservative for the moment <s>, using cash he normally reserved for dips and trading anyway. He considers this is far, far better use of the money than simply waiting for GTC buys to fill, sometimes for weeks on end.

He intends to cover more, however, after the pre-earnings runs start taking off in some of his other stocks. Through the summer, he may go as high as 60% to 70% covered, depending on the overall climate of the market at that time.

Bland is very pleased to have stumbled across Voltaire's thread at the opportune moment when our distinguished host chose to lay forth his philosophy in such persuasive detail.
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