Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: BGR who wrote (126282)	9/29/2001 9:58:43 AM
From: Tommaso	of 436258

BGR, it does seem needless, and needlessly unkind, to say it, but it would be good if you could learn from experience. All the markets are still overvalued by about 100%, and only a few stocks are worth owning. Just because they were overvalued by up to 1000% a couple of years ago does not mean that they have come back down to levels that make them a good investment. I am no longer holding LEAP puts on individual stocks, and I have (at least temporarily) closed my LEAP puts on the Dow, but that's as close as I come to bullishness. I am afraid that I hope that there are enough people who think as you do, who will send the Dow back up to 9500 so I can restored the put position. I think I am through shorting the QQQs. I think they are going lower, but someone else can have that profit. My enduring short position continues to be old BEARX--not the best place, but a lot better than being long. "Only down 20%"? Plain cash would have you 25% higher than what you had, and 105% is better than 25% higher than 80%. Put your money in the bank and wait a year or two.

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