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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (87922)1/4/2001 2:48:13 PM
From: mishedlo  Read Replies (1) of 132070
 
Well I for one thought yesterdays rally was far too overdone. I 100% reloaded all my PUTs this am. Back to 25% PUTs in my IRA.

RIMM is a pure "Cash Cow" I tell you all. Once again I did not buy enough of them. LOL

Holding tight on all my financials was the correct decision, all are well off their highs of the day.

If and this is a BIG IF, the funds used all their powder on yesterdays runup, the markets are in deep deep trouble.

Bought IBM CSCO RIMM and BRCD puts today.
Yee Haaaaaaa! (Please do not make me take that last gloat back). We will see if the "afternoon rally" boys try and prop this up.

M
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