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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (31853)	10/29/1999 3:40:00 PM
From: LTK007	Read Replies (1) \| Respond to of 99985

thanks LG,it is strange though,the fine line between a big loss and a huge winner--if that ECI had come in at 1.0 i would be counting my huge profits today----i post what i did,because i know others got whacked this week,and i want them to know it is not the end of the world---last year i experienced much pain when the taxman came" knocking at my door".Won't have that pain this year:). Still have 300% more than i started with 2 years ago--got a good lesson though,don't hold into a critical number.Good Luck,Max

To: HairBall who wrote (31853)	10/30/1999 4:02:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

LG, I like your list and printed it to post next to my list. One I like from yours is to not try to beat a stock which continues to beat you. YHOO 'owed' me money. I first bought calls on it after it shed 30 points last quarter (after great earnings). It then fell another 60 points. I then bought puts on it this quarter (again after great earnings) and it proceeded to rise 15 points the next day<G>. I threw in the towel and just wished you had printed your list before<G>. The one thing I add to your list is, when using options, buy yourself leaps (if possible) or at least go out 6 months. Even if you expect it to move shortly, give yourself time. Thanks again! Steve D.