<<i urge everyone to use extreame caution if this event should occur...and i am not an alarmist..just a daytrader playing all this incredible volitility...going to cash every night with out exception...
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I cannot do that, I don't go cash home every night, I am not a day trader, I have a core portfolio, I have my exposure and I protect that the best I can,In Jan 2000 Buffet looked a fool and I was buying that brka from 38000 all the way down, today I see all that up and I am a very happy man. Buffet the oracle was proclaimed by no one other than me as a spent force he saved my neck, in all liklihood the technology is not going ot die and we hsall see htat 2002 we will be harping a different mantra. MO no one wanted it at 35 I took it and happy with it, I did want NOK, I own it from lows and add at these levels, my IBM position is still 400% above what I bought it for, my CSCO TXN core is still above the levels I have bought although my trading calls have expired worthless. My portfolio looks bad with a loss but let this market go to 2870 and I am in money from year Jan, 2000 not 2001 comparison, I cannot spend my times in front of screens and therefore cannot be a day trader, it is easy said and difficult to do, all cash every night is a bad proposition for me, the money for stocks is the money that I expect to be volatile, my bonds and my real estate has different definitions as far a time is concerned.. How many day traders are Buffet's or Gates.. iti s your core thatm akes you big guy that what i believe and that is what bull run since 1982 has taught me.. nothing but a consistent line and averaging at lows to get your cost down and playing the puts on SPX.. |
