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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (17183)2/27/1998 8:39:00 PM
From: Bart  Read Replies (5) of 50167
 
Greetings Ike and everyone here on the idea thread!
I'm ready to get back in the saddle again after being severely humbled these past several months. Hopefully a few months off of trading have let me learn from my mistakes and have better protection then my last attempt!- I got a major haircut as Joe Kernan is fond of saying but I have done well rolling 14,000 shares of DWTI between 2.5 and 3.65. I turned 8000 shares of them 3 times this week for .5 -.25/share and feel ready to start some covered calls writing and selling puts at the appropriate levels.
My involvement in the hazardous waste venture was short lived. My so called partner had 2 sets of books and lots of liabilities that were not on any books. I'm hoping to get reimbursed my 30k without breaking any bones (just kidding but it is tempting). I was close to adding another 50k in when the red light started flashing.

My wife and I are in the process of lowering our expenses by selling the Simi Valley house. I hope to get the expenses down to around 3-4k per month which will allow me less pressure to try and make to much on my trades every month which led to overly agressive trading style last time around. I look forward to spending much more time with all of my old friends here and thanks to everyone who kept in touch these past few months. God bless and have a great weekend!-Bart
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