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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (38342)12/6/1998 2:43:00 PM
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MB, One thing that seems missing from lots of analysis that goes on on SI, is that one doesn't always have to have all of one's bets on the table. All moments in a market cycle aren't best suited to a given investor's financial situation or investing style. It seems to me that often the question is "what should I be in this minute for the best return?", when sometimes a better question would be "is now the right time for me to be in the markets 100%?"

Turning to a question, with the thirds technique in options, you are regularly losing positions due to expirations. So I take it that often, or most of the time, you replace the position if it is in the first third status. Also, it seems to me, that an expiration might trim back a 2/3 position to a 1/3 position, and I assume sometimes you would stand pat at that point. Can you comment?
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