Greg:
I have been fully invested and into margin for way over a year.
Seems time to lighten up and break loose some spending money.
January would have been a lot better(hehe). I saw nothing wrong with the market at that time and there hasn't been, but the PC makers have taken a drubbing at the hands of D. Niles and his cohorts.
Have been moving out of the internuts( selling my calls). Kept the following- msft,intc,spyg,cnet,nite,egrp,awre,lu,wcom.
Spyg, egrp, and qcom look good at this time, but am out of qcom.
Have considered what it would have been like to own some solid highly touted progressive companies like Wmt, Hd, Low. Big surprise to find they are all way down off their highs about 20%. Something does not look right about that, but it makes Dells performance look
'not so bad'
There are three stocks that oscillate rather consistently- Wcom, Bmcs, and Gtw, and it appears that one way to play those would be to buy calls when they are down and sell when they are up. My broker does that on Wcom so I am trying it.
Summary: I have taken a lot of money out of the market that was at risk in the expensive calls like yhoo, aol,qcom, cmgi, gnet.( up to $14k on qcom). No matter how good they look. It was
critcal to have sold some of those while they were "up".
Am still buying Dell and also Dell leaps which happen to appear very inexpensive at around $6 or up.
Sig
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