Haim, I always arrive at my own conclusion, but I first learn! gg Do you remember your famous post? Well that day I
thought about what you posted and reached the conclusion, I sold SUNW at 118 to 120. I kept a few shares and sold Dec, covered calls strike 120, and April covered calls strike 130. I really never got back to SUNW, I nibbled at it. I think selling SUNW saved my ass during the market down turn!
I paid of some debts and kept there rest of cash in USD Bonds!
This market looks bad, and I don't know where is the bottom! We will see tomorrow after AG has spoken his mind. Even if the Feds cut twice in the first half of 2001, we will see market turn in the second half. It takes time. Anticipating these calls I beleive NAZ will move up to 3500 max, but no more. This is what what my horse sense tells me. I post on this thread but I never mind
busllshit that flows on this this thread. Haimy, this is a cruel business, man can't fall in love with stocks, he takes profit when he can, goes home an hopes to fight another day! One last thing, I have been on SI since the early days. I have seen plenty of crooks that give free advice, screw people and then disappear! SOmething about these posts you don't know who is posting! SOmetimes there are kids who give "sound advice"!! One has to be ware.
Take care
Yaacov |
