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Strategies & Market Trends : Portfolio Protection + Money Management for the Long Term -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (9)	4/8/2000 11:55:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 57

I like your new thread and have book marked it. As to "futures", I would warn everyone that they should AVOID playing around with "futures". You will get burned. The First Lady still has no clue as to futures (and never will). She got her 100 k or so as a goodwill payoff imo. One can consider the use of "options" and even then, one must be very, very, very careful. Covered calls is what I have started doing and so far, so good. One knows one's explosure good or bad going into the transaction. Also, probablity is on the call seller's side. You are using the buyer of the call's greed to make money without having to be too greedy yourself. However, buying calls can be a real money maker so I do not mean to put (no pun intended) down all buyers of calls as being unreasonable risk takers. I expect I may post here from time to time if I can be of any help to others. Of course, I am always learning more and understanding how much I don't know. Best regards, Bob

To: BDR who wrote (9)	4/9/2000 8:12:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 57

Hi Dale - good idea for a thread. I would like to talk more about diversification across stock market sectors. I track my portfolio weekly with a close eye to distribution between techs and non-techs overall and particular sectors. Lurkers can check it out here: tigerinvestor.com In the past six months I have gradually cut down Internet stocks from over 30% to less than 10% but kept a heavy weighting in what I call Broadcasting and Communications, anything that gets you bandwidth directly or indirectly. I also moved up Energy and Financials that were almost on-existent in the portfolio six months ago. I suggest everyone categorize their portfolio by sectors and ask if they are comfortable with the weightings they see. Most of us buy stocks we like and see how it all fits together later. I have had very good success lately shorting weak "dot bombs" while holding quality tech stocks and adding on dips. The NASDAQ new lows list (I get it from WSJ) is a fertile source for short ideas, particularly on days the market is strong. Stocks hitting new lows tend to go on hitting new lows. I look forward to seeing how this thread evolves.