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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (20739)	5/31/2000 9:35:00 AM
From: freeus	Respond to of 35685

Dear Ole 49er and everyone: Ok here's my answers to Coffee Filter 105 and some questions. Yesterday morning was mighty scary though. Number 11: At $66 support two was only about 8 or 10 dollars away (down). Number 11A the risk was $10 and the reward was about $30 or $33 so a 3 to 1 ratio. Number 11B Probably should buy more or buy Leaps for '02 or '03, but could I? Number 11C: Maybe not much time to buy this time, if it is lowest support level, perhaps in this order b days a hours c weeks. The filter was looking a little peaked so I cut another for the bear. I'm not sure I have it placed correctly however. 12: 45? 12B 22? 12C a little less steep. AGain yes I can see a "buying opp" but don't know if would have the oomph to buy at that point: certainly should not sell though, I agree. Of course I bought qcom originally because I believe it is a market leader and a future (maybe even current) enormous revenue and cash stream. The story has not changed although the news seems to want to trash it big time!!!!! Your C makes me smile: does anyone have a 2.3 year time frame these days???? Actually I will tell the world because I think people should be aware of the danger: had I used the resistance levels to write covered calls (I would not have wanted to sell the stock) or buy puts I could have saved at least 80% of the gains I had and perhaps more: the support was so much lower than the price that it would have been prudent to be cautious. Which leads me to my questions: Time is a very important factor, isn't it? IOW if a stock goes from 100 to 200 in a year, it's a lot stronger at that price than if it goes from 100 to 200 in a couple of weeks? I must have instinctively known that and that's why I sat down at my computer on the first day of the market year to sell my options, though I didn't go through with it. Too easy for people who have just bought in the last week to unload at the slightest tremble of price. Also:do you not take the market into account during the evaluation of what to do?: look at the chart of the Naz (and the Dow to some extent too): it's been horribly bearish itself since late March. But I admit, longer view, even the Naz in in an uptrend. OK no more laments, (I hope). Freeus