Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor2 who wrote (11003)	12/6/1997 11:52:00 AM
From: Defrocked	Read Replies (2) of 94695

RE: "He was burned badly and never got back into the market" I am amazed at how many "investors" are willing to bet the ranch in this or any market. The Number One Rule in investing: Never,ever,ever take a position that would cause a total loss. You always want to be able to play again after losses. Yet, even "professionals" like Neiderhoffer do amateurish naked put plays and take risks which tap them out. My current allocations are about 70%cash/intermediates and 30% equity comprised of a significant private placement (bought around book), some LEAPS and long term core positions. In 1997, I was 85% equities until August, altering my exposure before October 27, and as I look back consider myself more lucky than smart this year.<g> Now I cannot increase my equity component until I better understand the earnings environment that stocks are rallying into. Good investing all.

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