VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (37542)	6/6/2001 3:12:06 PM
From: RR	Read Replies (1) of 65232

Tim: Good point. This market continues to baffle the gurus. They are speculating so much today. Again, all over the radar screen. Mere assumptions. Hang loose. I don't recall how long you've held those shorts but I know you are uneasy about them. One thing that I've done in the past if I have held a position for quite some time and I just don't have the confidence in it anymore, is close it out if I can about break even or take a reasonable loss. Just get out of it. I may then re-enter with a very similar position but at least I'll re-enter fresh with a decision based on current data. Makes me feel a lot better and has resulted in improved quality of decision making. Gets me back on my plan as opposed to having an anchor, if you want to think of it that way and if for no other reason a psychological anchor, around my neck that effects my usual decision making. Just FYI. RR

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