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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001600.0%Nov 21 9:30 AM EST
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To: David Lawrence who wrote (11216)1/1/1998 3:50:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 22053
 

I see the Nadaq finished the year up 21.6%. Anyone know what the S&P did? I'm
disappointed to report a personal portfolio return of 14.2%, which was negatively
impacted by some year-end bottom fishing,

David,

My return was negative during 1997. I was impacted by a large drop in COMS?USRX and ASND having written too many naked puts at various strike prices and expirations. I have never had a negative year. Now I have and I have learned more. I did see how the S&P did for the year but have forgotten the percentage. It was higher than the NASDAQ if I recall correctly.

I feel well positioned for a good return in 1998 . The largest problem is a decline in equity with which to work. That is stating the obvious when one has a losing year. I feel you deserve kudos for doing so well considering it appears a lot of your positions were in the sector that did decline throughout most of the year.

I wonder how many people on SI have the "guts" to admit to their errors. It feels badly to have performed so poorly not to mention the loss of money. It also takes away ones confidence. However, I will get that confidence back and the equity too.

Happy New Year to all!

Glenn
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