Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Stephen who wrote (22559)	10/25/2001 4:39:11 PM
From: Lee Lichterman III	Read Replies (3) of 52237

Very good points but I will have no part of it. If no one can learn from the last couple years, then they are more dumb than I thought and I choose my associates carefully. -g- I closed out my calls that I was short on today, closed out my PMCS and SANM longs that were supposed to be only a bounce play but gave me much more than I expected and will be closing out my long term LEAP calls tomorrow. That will leave me with only a small LEAP put position that was originally put on as a hedge to my LEAP calls. That position is small and I will let it ride and average down when I get my next sell signal in a couple days or else I will just go thermo nuclear short before my December cycle turn. The positions I closed today and will do tomorrow will make me the most cash loaded I have been since the April bottom when I was closing out shorts and waiting for the upturn. I am getting close to buys on some of my favorite high dividend yielding stocks and love the rates of return on some bonds and want cash to play some commodities since they are trending nicely. The hiigh yielding plays also will allow me to not watch the market for a while if needed. My knee is feeling much better now and I called in to work to volunteer for assignment to the OBL hunt. Should I not get to go and if I get some strong sell signals, I will return to equities to play the short side. Playing day trades this week long was fun but I cant do this from work and there is no way I can buy long for a swing trade and sleep at night knowing I just paid about 200% more than a stock was worth. Besides as I said, I may not be around to baby sit long positions and there is no way I would go long with buy and hold as my frame of mind. Good Luck, Lee

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