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

To: im a survivor who wrote (18689)	11/22/2000 10:58:54 AM
From: RR	Read Replies (2) \| Respond to of 65232

Hi Keith: Yes, had a great trip. Thanks. On the JDSU/RMBS calls, u should have sold long ago. Always remember, and u know what I'm going to say... preserve capital is rule 1, especially with options. Risky business. I'd probably hold them at this point, given the market at this level and the fact that March and May are sometime off which allows you some recovery time. The way things have been the past few weeks, I have been stopped out on numerous of my call options. But, as I've reported here, I will take that capital, re-enter at a later time, maybe back into the very same position or a new one, and end up making back my loss rather quickly. Some of these options are swinging 30-40% every couple of days. Consequently, I've gone back into more aggressively churning my option positions and taking small profits over and over. The key was I limited my losses, didn't look back, had capital to work with, and got right back into executing my plan. Stayed on target..... Oh yeah, remember the other rule I am a maniac about.... stay off margin. Get debt free! Good luck. RR