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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Grandk who wrote (41368)11/28/2000 12:05:05 PM
From: AllansAlias  Read Replies (1) of 436258
 
Their dilemma is well documented through the ages. It's a terrible bind to want to capitulate but feel that doing so is probably at the bottom. These people should take what they have left and sit it out. I said so months ago and I'll say it now. You know, if someone were to have gotten out in September, then I could understand some selective picking at these levels. The other thing I can not understand is why they would not have bought some insurance. I mean, you ride through the Aug run making loads of money long, so why not ease into some long-term index puts. Imagine the puts you could have been cycling through as insurance for 1/2 the price of one of their Porches. It defies comprehension, and that it does, is also well documented.
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