Jim, I like your analogy, "I guess they must be factoring "Quality" into their calculations... : >"
How many now are thinking about those words of wisdom spoken by Will Rogers during the "big" crash..
The return of my money is more important than the return on my money I think I mentioned that a month or so back, when everyone thought that stocks were going to the sun, but like Icarus some got to close to the sun<g>and their wax wings melted..
Anyway, I too am looking for a bottom. The current dump seems to be getting out of hand, dangerous even. I am not saying it is over, but I am looking for signs that it may be reversing. And who will benefit from a snap-back?
My thinking is Naz 3250 is critical. If we go below that on a close, it could go thru 3075 faster than anyone can imagine. I just don't know if it will, in the next 9 days anyway. (May options expire on the 19th)
On that end, I closed out 75% of my index puts, keeping the rest, just in case. DJVQW's were up 144% today..Glad I wasn't long any MOT. What a cream job.
Just for kicks, compare CHRZ with SEBL. CHRZ is a good 2 year time horizon pick, Imo.
Here is a good article about valuing "new economy" companies.
cbs.marketwatch.com
I have been talking for some time about VAR, which is value at risk, a banking term. That is why some of these things are in a free fall, there is no way to know just what your VAR exposure is, except to say all of it....
I can tell you that some of the smart option players in Chicago know how to play this. The ones that don't are now broke. |
