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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: CAtechTrader who wrote (20579)	11/29/2000 3:01:59 PM
From: freeus	Read Replies (2) of 65232

SSTI Steal or no steal, ssti destroyed my portfolio (my own fault for not selling when Qcom rewarded my portfolio in Jan and staying in cash)....I finally got out at 20, very sad, and just this morning got out of most sold puts, all at big losses but oh well. Now I know the value of stop losses at 8-10% would have saved me a bundle on ssti. I will never understand it, but I know that fighting the tape always leads to disaster. Freeus (I kept 10 puts and will have 1000 shares put to me at 30 in January.)

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