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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (3205)2/18/1998 9:11:00 PM
From: larry  Read Replies (2) of 18691
 
Roger,

I agree. That's why I have only four positions in my account currently. two of them are covered calls and I believe will be called out by the end of the week. One issue I will probably sell soon. So I will basically keep cash or find some non-volatile issues to write some covered calls.
However, can you tell me why bears are usually pretty stubborn about their position? Will it be better to cater the trend of the market when it turns north? Basically we are in an incredible bull market for the past several years and I believe it's much much easier to make $$ on the long side. Yes, everyone has been crying that a major market correction is coming (for several years in a row) and yet each correction is met with a stronger bull market. I used to believe tht the market will tank someday. Right now I don't think so. Corrections will come but bears probably will have to wait for longer than everyone thinks.
BTW, I have heard people taking about market top all the time. So where is the top? I don't see it. 99%+ people said that the previous high was top and yet Dow breaks them each time. 99% people are wrong then. I like your comment that you believe that DELL is gonna flatten sometime and yet you are wrong each quarter. Bears must have super strong belief in themselves otherwise...

larry!
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