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Strategies & Market Trends : Humble1 and Swing Trading Friends
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To: voodooist who wrote (6460)9/9/2011 1:42:47 PM
From: Fintas  Read Replies (1) of 41057
 
I used to post on Amat.. Segate before they were taken over. Vrts after they took over seagate, Maxtor before it was taken over. Sunw up until it was taken over Jdsu from the high 3's till I kicked it out this past Feb for 28 ish. I've recently re entered JDSU in the low 10's.

For the most part I avoid posting on a yahoo boards but will step in if I believe the activity on the board is misleading and will cause an investor to sell when not needed. I do not use Fintas. Mostly because I forgot the pw.

Yet the gang on the yahoo boards have penchant of pushing the company is going bk or the world is coming to an end.

Ex. They had Amat going bk at 21. It peaked pre splits 460. Any buying in the 20's did very well.

Seagate. They had it going bk at 19. Any buying did well as it peaked at 78 after the announcement.

Vrts. was a wild ride and near term it did ok.

Mxo did well for the take out if one owned it low.

Sunw and ditto if one didn't run for the hills at 2 ish and had the courage to take it off the lows/size in.

Jdsu they had it at zero after the RS and I'll take 3 plus to 28 any day in a time line of a 2 plus years.

Here and now I run with MSFT core /INTC core /GE core /DRYS core /JDSU core /BAC core. I'm under water on the Bac but did well earlier on a bac leap as in 225%. Now sizing in on the BAC core to reduce cost basis I'm under water on the Drys core but did well on a leap as in 155%. I'm sizing in on Drys to get cost basis down under 3. I look at leap activity and core activity separately. I tend to do a 70% of total portfolio in core and 30% leap. If I'm aggressive I'll go 50% leap. I'll do that with margin or if I want to avoid margin and concerns re margin calls I will pay 10% to a few I have relationship to get my hands on the money to exploit 100%-300% upside in either equity or associated call leap. However that is what I do and by no means suggesting others do similar. To me it's all about exploiting and when the fear is greatest is when the opportunities are best. So while many run for 2 year tbond at 1.99 ish. I say. Hey I'll give ya 10% secured. Why should all those taking in all that cheap money have the fun. I say. nah I'll make it a win/win.

I enjoy this board for we can discuss many variations of how it can happen. The more eyes without agenda the better. There are some great eyes and minds here. And where the indices go so too will the good equities follow.

This selling today is NADA when one sees and understands the big picture.

And that is why I'm about to take JPM for a first bite and then come in lower under 30. Ditto with CAT but I want a low 70 or a GS at 88.

I love bargains.

Hope that helps.

.
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