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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (23565)	4/26/2000 1:15:00 AM
From: kumar	Read Replies (1) \| Respond to of 54805

OT : u must be the 'money up the wazoo' guy featured in those commercials :-) cheers, kumar

To: Mike Buckley who wrote (23565)	4/26/2000 1:21:00 AM
From: tekboy	Read Replies (2) \| Respond to of 54805

then why are you holding several percent cash in your portfolio? what, you haven't seen any bargains in the last 10 days? you think we're going to Naz2K, Mr. Bigshot-Wizard-Who-Doesn't-Try-To-Time-The-Market? <GGGG> To provide some Schadenfreude for all my fellow G&Kers, I will publicly note the following tidbit. While totting up my portfolio percentages for the survey, I saw something which I took to be a glitch but which turned out to be oh-so-true, and qualifies me for some kind of thread record. In February, when my friend's pebble/princeling VoIP company ITXC had come down 1/3 from its recent high in a post-earnings sell-off, I sold some of the common and bought fifty contracts of Oct OTM calls with the strike price at the former peak. Great company, I thought, buy the dip, can't miss, yadda yadda yadda. We all know what happened in March and April; suffice to say that the stock is now down 75% from the high, ~60% from where it was when I bought the dip. Oh, those options are now down 96.4%... tekboy/Ares@noproblem,withoptionstheworstthatcanhappenisyouloseallyourmoney.com