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

To: elpolvo who wrote (10200)	10/29/2000 12:08:49 PM
From: RR	Read Replies (1) \| Respond to of 65232

Hi Polvie: Thanks comments. I've been fortunate. I'm still ahead of where I was this time last year (and last year was one of my best), so even though I took some hits last week, I'm going to have a good year. I am investing for 2001 now. All the option positions I hold are in 2001, so I could do nothing for the rest of the year and come out ahead. Last week when I got stopped out on a number of the options, it enabled me to keep my capital, even though I lost some, and then buy back in at a lower level and add to it with cash I had waiting. The result was an even lower basis in all the positions and I believe they each will come back more than enough to make back those losses and then some in 2001. In any event, I still get hit in the head by this market at times, Polvie. Dangerous, especially with options. Too many people watch the screen every minute and get all bent our of shape, worried, ultimately make emotional decisions, yet their time horizon doesn't warrant such action nor watching every minute of action. Good to see ya. Hope all going ok. Take care. RR