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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1381)6/25/1997 12:47:00 AM
From: Mike Fredericks   of 94695
 
Still holding the Bay puts... Thanks for your analysis.

My theory pretty much now comes from The Gambler... you gotta know when to hold 'em, when to fold 'em? Well, I'm holding. I've got my core long position protected by puts (that were gotten dirt cheap). If only *my* long stocks go to zero, and my puts all expire worthless, I'm still ok because I exercise my puts and start all over. So my worst case isn't that bad. Figure I'll hold until something comes along to make me change my mind.

-Mike
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