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Non-Tech : Invest / LTD
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To: Lucretius who wrote (2955)9/14/1998 10:23:00 PM
From: Thean  Read Replies (1) of 14427
 
LT - I still think you should take some profit and try to reduce your overall risk on your leap puts to zero. The likelihood of numerous big declines and rallies for the next 4 months is extremely large and the chance of your hitting the actual bottom is extremely small. The big LT's (we already have many 300 pts moves already) will certainly come but so will the ensuing rallies. If you have the gut to cover into weakness your biggest winner like CCI, the rest of your puts will be house money. No one says one has to be correct in predicting the direction of the market correctly to make LOTS of money. However, many people do not appreciate how luxurious it is to be able to play with house money. To become ultimately correct is great for a book story or poetry but in real life practice it is as difficult to achieve as MJ sinking in the game winning shot when it has to count. To me its a matter of herioc versus winning.
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