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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (370)	9/11/2000 2:11:19 PM
From: Jill	Respond to of 65232

Great story, RR!

To: RR who wrote (370)	9/11/2000 2:28:35 PM
From: Dealer	Respond to of 65232

Interesting RR!! Thanks! Dealie

To: RR who wrote (370)	9/11/2000 2:41:06 PM
From: abstract	Respond to of 65232

Joe American is a lot smarter than we think (and so is Jane!) and a lot of that intellect is intentionally not paraded. The intellect and competence of the "average" American is an incredible asset to this country and something we all need to get more in touch with.

To: RR who wrote (370)	9/11/2000 4:58:36 PM
From: mike machi	Read Replies (1) \| Respond to of 65232

~These were laborers. I would suspect the extent of their education was high school. They were dirty from head to toe (if you've ever been in a steel mill you know what I mean)~ Memory recall from the days when we unloaded 100lb sacks of potatos and carrots from rail cars. `Breaking the car` was always an adventure because if you did not have something fall on your head when you opened the door you were lucky. Mike

To: RR who wrote (370)	9/11/2000 10:54:36 PM
From: RR	Read Replies (2) \| Respond to of 65232

Hello Troops! Any bulls on here? For the first time in 6 months, and approximately 70 trades later, I lost money. 1.) Yep, I lost money on a position today when my trailing stop closed out my CIEN calls while I was out of the office. That's what a trailing stop is for, however. For us options investors, when a position turns against ya, get out. Preserve capital. Still, I hate to lose money. I absolutely hate it. But then, this ain't pee-wee league stuff, and frankly, by tomorrow I'll get over it and won't look back. Comes with the turf and the discipline learned from experience in having been burned too many times riding options into the dirt thinking they will come back... and don't. Ya get back up, dust yourself off and jump back in. (TIP - This is when you invoke the "RR House Rule" which follows: When your spouse wants to know how you did, if you make money you double the amount and tell the spouse that amount. If you lose money, you cut the amount in half and tell the spouse that amount. Has worked for years...... hee hee hee..... naw, just kidding) 2.) CIEN had almost 90% more volume than average today. In contrast, BRCD, another on my list, had volume up about 19% above average, and EXTR volume held up fair as well, up about 27% above average. Didn't seem like a lot of folks running for the door in those two. 3.) EXTR - I had an order in on more EXTR calls. Didn't execute. Depy got today's deal at 28. Way to go Depy! I'll probably try tomorrow. 4.) JDSU - buy some. Great LTBH entry I think. May buy more Mar calls but depends on how much more I add to the EXTR position. Risk play of the week, buy JDSU UCQIT Sept 100 call at 10 bucks. Expires Friday. JDSU go back to 118 by Friday and make 80% return, excluding comm's of course. Heck, I may do that, too! 5.) Nas below its 200 day moving average of about 4010 and below its 100 dma of about 3830. Don't like it but we'll leave that to Jim Willie's slide rule to square root that. 6.) BRCD - Held up well today as I mentioned earlier. $215 stock, down less than 2 bucks. I may re-enter. Hang in there everyone! Think year end and Naz 5000. RR