| Andreas & El -- well, El's thoughts of buying at 16/15 are not too encouraging,, actually maybe they are. No, Andreas I rarely visit here and when I do it is usually just to lurke and see how everyone is doing. We all seem to be in the same boat this year. Like you I do not look at the option $$ as offsetting losses or lowering the avg of issues held. I bought WCOM at 14 3/4 and immediately sold the 15s with 6 sessions to go for 5/8 thinking it was safe-- bingo they were gone with wcom at 17 7/s yesterday. I have made some trades the past few months and the last month I've bought funds in various sectors. Nearly all my holdings have a S/L. A good % have been hit and that is one method of protecting profits or limiting losses often used. With the call of WCOM I'll be slightly under 50% cash. Many issues were bought thinking a bottom had been found only to find new bottoms,, Looking for issues to purchase but am far from certain I agree with your pprediction of a turn in the next few weeks. Senile Al will go to 'neutral' on the 19th. If we get anything out of that which sustains you may be correct... but he will not IMO lower the rate as early as Jan,, Feb? More ugly warnings and announcements? Where will the bottom be? A little more downside on GE and I'll add even more there for sure but not enough to dent my cash holding as too much GE is already held..... Luck to all,,,,,,, |
