To: BGR who wrote (66953 ) 10/6/1999 6:35:00 PM From: pater tenebrarum Read Replies (1) | Respond to
BGR, believe it or not, i was a very avid BTD'er until mid '99. between April and July i began to scale out of my medium to long term investments (alltogether 42 positions in well known blue chip names plus a few more speculative internet related stocks) due to my assessment that the risk/reward didn't cut it for me anymore and switched mostly into the unloved gold sector (where was the efficiency?<G>) and some short positions. some of the stocks i had would have been worth hanging on to a while longer with hindsight, but by and large i was very happy with the realized returns. now as long as one doesn't realize one's returns, they exist only on paper...they're not real at all. i'm well aware that it is hard to time the end of a mania, but i rather miss out on the final push up than risk losing what i have gained. my main reason for assessing risk/reward as unfavorable is the rise in bond yields...it's not the only reason, but the main one.
