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

To: Clappy who wrote (10456)	10/31/2000 6:12:21 AM
From: horsegirl48	Respond to of 65232

Good post clappy, I have alot invested at this point, but I am still 60% cash. I truly believe this is a bear market and profits can be made if one is smart. As rr says stay the course buy low sell high. I am sure we all have alot of stocks that have dropped like crazy. When we get a rally that might be a good time to clear out the baggage and raise some cash. HG48

To: Clappy who wrote (10456)	10/31/2000 8:57:15 AM
From: im a survivor	Respond to of 65232

<<The trick of this whole mind game appears to be the ability to always have some money on the side, regardless of how low the market goes.>> Agreed, and lord knows I have said that many, many times. And yes, it is too bad I haven't learned. My goal after the spring was to do just that. make back some losses,get out and have cash for the obvious times we need it. Unfortunatley, there was no rebound for me since spring, just more carnage and currently, I am just holding on and hoping fr and end of year rally. Keith

To: Clappy who wrote (10456)	10/31/2000 10:55:11 AM
From: RR	Read Replies (2) \| Respond to of 65232

Hi Clappy: How ya doing, Champ? Been awhile. CASH... you mentioned cash in your post so I wanted to reply briefly as I think you have brought up a very good point. Yes, I do keep cash on hand. While I am the ultimate bull, I keep a considerable portion of my assets in cash. In my end of week holdings report, I don't usual list my cash position. I'll sometimes answer a PM about it. But, cash is usually my third largest position. So, yes, I try to have cash on hand in this market. Last year was different as I stayed almost fully invested. Also, remember I only do options, and tend to churn portions of my positions, and I don't mean day trading. I'm talking about frequently, sometimes weekly, taking small profits over and over and over again. Consequently, that will result in me having cash on hand. Furthermore, and again, even though I am the ultimate bull, I think it is wise to enter plays slowly. I say, buy a little here, a little there, it doesn't have to be all at once. There will be plenty of time to catch a trend on reversal. Patience. So, I may not spend it all at once even though I'm bullish as can be. That's my view. You made some very good points in your post. Thanks. Have a great day! Rick