Allan (and Heinz) , thank you for your messages. I read them over breakfast but did not have the time to respond then. I am out of the Nikkei today at the close. Eventhough i feel the odds that it goes down some more , or a lot more, depending of the reading of the charts and the targets are pretty good (yours seem quite probable Allan) i felt i had had enough heartburns over it and had lost enough hair as it is... Basically, i feel i should have some money on the side and put it to better use when the opportunity arises . What really forced my hand was the Tao saying, "When you have done your work, retire". I had a profit, i took it. I believe today was a technical bounce though. Problem with Friday wipe outs is that it gives the PPT a weekend to engineer their moves. With GS doing a secondary on Tuesday, i felt the forces at work in the very short term were somehow up. With hindsight, i should have been a lot more aggressive in my selling and buying for my Nikkei adventure to be more profitable this past year, nevertheless, after making up for the steep losses last year in Oct and Nov (remember i was in a bear fund 2x) i managed to gain it all back and then some. Net-net a 10% profit that was not worth it given the
risks ...
I am not sure whether the freed capital will go towards GS, JPM or C puts, or maybe MU among other things. I know where the profits will go though, my wife and i are planning a side trip in September and these are spoken for already.
Best of luck to you both,
Stephan |
