Actually, I am saying, that I feel that I am ahead of the curve.
A week ago I took my long position. I’ve watch 7% lose during the last few days.
I am Long as I need to be with actual stock on hand. Once the light is bright, then I will use leverage to maximize the turn up.
Being long without margins nor futures is safe. Once you can point to the upturn, and not a bottom, then hedging the upturn is my intention with Leaps out 2003.
So my current 5000 shares of my favorite stock are just waiting for the upturns confirmation, then hedge.
My point, I was making, and other may understand, selling if thing go bad can be costly if the price goes up. Hold a position of 70% stock and 30% cash is long for me.
I learned leaving one stock for another, then watching this second stock drop while the first maintained it value is disappointing and costly.
I am long without any hedge and it feels comfortable.
Show me that from this date forward, it is only up up up, then I will hedge on the second up and profit form the last up.
My long positions will wait without much motion until we have been up, up, up and maybe another up before my long position will change.
The future is bright, Toto, just look.
So, I guess I agree with you, the future is upward.
:0)
Stan |
