Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Gary D who wrote (575)	7/29/2000 11:08:01 PM
From: freeus	Read Replies (1) \| Respond to of 10065

re I started listening to him... I have listened on and off all through 1999 and more regularly since the beginning of this year. At the time I could not believe the bull market would ever end. Thus I've lost 2/3 of my portfolio. Now I'm listening. I still have more money than I (originally) expected to have at this point. I will be looking for exits in almost everything this week. The possible reward is not worth the possible risk in staying in stocks at this time. This market is broken. There is too much overhead supply everywhere. One question for anyone: BB believes all stocks will be brought back to a p/e of 15-25. So it makes sense to sell stocks, or sell covered calls, to bring your risk down to a p/e of 25 at least. (He did meantion hedging as an alternative to selling stocks). How do I go about figuring out what the stock price would be at a 25 p/e if it is presently at a 100 p/e (for example). Just figure 1/4 of the present price, or is it more complicated than that? (For judging what strike price the cov call should be if I dont sell the stock outright.) Freeus