OK, MB, I decided to take the plunge.
I am the "P" of the "email questions". To the thread, I would characterize myself as a big fan of both MB and the thread generally. The conversations that take place here are the most valuable that I believe is available on the net. Not only are the viewpoints I believe correct, but the debates are vigorous, informative, and educational. They are also fun. I told Mike, in email that he was both off the wall crazy and totally sane. I also asked him to restate his reasons for being so generous with us in his column. I listened and told him that it clearly wasn't just so that we would follow him into positions--that he went the extra mile for experienced investor and novice alike. I, for one, appreciate it greatly.
I will probably bring up a couple themes that we were discussing. Two that come to mind are "knowing where the touts are"--that is not buying puts in dell yet even though it is overvalued because the christmas touting season is upon us, and "alpha"--the fact that the market tide at times carries all ships down--i.e. i am worried that even undervalued stocks will get carried down in an overdue market break.
But first a question. The last couple weeks have been an extraordinary about face in the markets, particularly nasdaq. In my mind it has been unjustified. But anyway, Mike, has this run caused you to harvest some of your longs and are you establishing more put positions? |
