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Strategies & Market Trends : 50% Gains Investing

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To: JSB who wrote (20893)9/23/2000 8:22:33 AM
From: Dale BakerRead Replies (4) of 118717
 
Results - two factors pulling me down lately, one was the August puts I let blow out worthless and the other is the higher percentage of options plays in the portfolio. Still finding my sea legs there and buying a lot too early. Volatility goes up since I am commanding more shares of stocks at higher share prices, even though my cash outlay is lower.

Leverage cuts both ways. Naz was down net 12% between my updates and I dropped 16%. Gotta do better. Still, I am starting to think any profit this year will be a good one.

AIGI - I should promote the poor fella, but it is tanking back to .50 in true penny stock fashion so not yet. Once it clears $2 it gets a diploma and a plane ticket to college, OK? Damn glad I cashed some out when I did. But hopeful for the future.

Capitulation - no, instead the market refused to panic. The next week or two will tell us more but I think we are building a confidence base for a fall run.

Cut down oil worries and get the warnings behind us and we have a shot at 4500-5000 by year-end.

You may want to dip your toes in a bit early, but keep it light until we see how earnings season performs. Remember how much they "helped" in April.
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