Microcap Potential Homeruns--Credible, and Reporting Message Board

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Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting

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To: tyc:> who wrote (554)	5/29/2010 3:42:04 PM
From: Ted M	Read Replies (1) of 1056

Hi tyc, I am very glad that I bought puts on the Index. They are S&P Dec 11s, so they are far enough out that time isn't a big concern, but they do move inversely to the index. <<it seems to me that the hedge doesn't need a "collapse of the market" to make it worthwhile.>> I agree. They have really helped buffer the micros in a way that I find very comforting. I've traded some of them a bit on moves--ie sold a few as the market drops, and bought back when it climbs, but in theory my goal is to maintain 15-20% of assets in these puts just in case of a huge drop to 5-6,000. I may not have the fortitude to not sell most on the way down though..:) I'm glad you have found the strategy to be useful too.

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