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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (72953)1/5/2000 8:25:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 132070
 
MB, IFC? please elaborate...i'd love to hear what the remaining picks are, considering what happened to BMCS and GTW. <ggg>
oh, i guess nuclear winter is finally becoming a bit more visible...it's not a myth after all! of course the spin machine is going to do overtime.
btw, one of the former nutz hopefuls in e-commerce, BYND, has also blown up. the emperor without clothes...(their CEO once appeared naked on CNBC).

regards,

hb



To: Knighty Tin who wrote (72953)1/6/2000 1:07:00 AM
From: Raul Prytog  Read Replies (1) | Respond to of 132070
 
Thanks to you, I've got a problem.

I've been lurking here for months and finally during the last two weeks of 1999 the 90/10 strategy just seemed so compelling that I bought my first ever puts.

I need some pointers or thoughts on rational exit strategies.

My initial investment reasoning (if it can be called that) was a swing for the fences against the soft pitch thrown by an irrational pitcher (read:hoard).

Right now everything is in the plus column, but still out of the money.
January: AMZN 60s, MU 65s, QQQ 150s
February: HWP 90s, QQQ 170s
March: GTW 50s, EXDS 50s

Going into this investment, I knew I would learn by doing and probably lose some dough on bad execution but I've never been able to practice on phony accounts so now I've got real money and am struggling with whether to sell into the weakness or go beyond the fences and hit one out of the park.

What are some of the criteria you use in judging when to sell these things?