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To: KeepItSimple who wrote (76160)9/1/1999 1:34:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
Message 11129643

Ya know, messages like that just make me feel warm and fuzzy..

!!!



To: KeepItSimple who wrote (76160)9/1/1999 2:00:00 PM
From: dbblg  Read Replies (1) | Respond to of 164684
 
OT KIS

KIS,

FWIW, I don't have any trouble believing that you take the positions you post. Your ability to exit massive options positions in the moments after an FOMC decision or whatever runs counter to my experience, but I'm willing to give you the benefit of the doubt on that as well.

What does annoy me about your posts is your tendency to call for the apocalypse (or the ultimate blowoff top) going into a position, exit the trade after a move well within normal volatility bounds, and then say--or scream--"I told you so."

Based on what you posted here, your QCOM trade consisted of using massive leverage to profit from a modest pullback in an extended momentum stock. For someone with your apparently limitless risk tolerance, it was a nice trade, and I heartily congratulate you for it. However, it is a very different trade than the one you posted you were making.

Best of luck, and enjoy your profits.

Ganesh