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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (42093)	11/25/2000 12:30:02 PM
From: maceng2	Read Replies (1) \| Respond to of 42523

VENKIE, thanks for the input. BTW it's Mr pearly -g-. I don't typically sell unless it's at a hue-mongous % profit. And although I didn't get serious on the market until '98 I have done well out of it... i.e. made money rather then lost it. However my gains are truely microscopic compared to some that post on SI. I have my long positions. Many are under water now. So the simple fact is I do not sell. It ain't a big deal, my only regret is that I didn't buy any energy stocks when they were trash. I had the stupid idea that I didn't have enough technical knowledge about that business, and thus I should stay out of it....silly me. I will of course buy at any future energy stock trashing. Now, about this crash scenario. It's creeped up on me. This ain't realmans work. He would visit the market and make his presence known very clearly indeed. This current situation is the work of clownman IMHO. He has sold at a profit and just wants to get some stocks cheap. CLOWNMAN is the aggregate of all the institutional, hedgefund, mutual fund, and other big players. Those guys are smart but realman could settle them real good. I had an interesting PM conversation with Monty Leonard a month or so ago. His view is you either sit on the sidelines or decide to play this game. I decided I'm playing this game. I worked for several companies where you would be given stock options. I always noticed the accountants would sell as soon as some profit was showing while I held on until they were at least 2+ baggers. The fact is I am taking a leaf out of his (Monty's) investment book. I am buying otm poots, and as soon as they bag up I sell half, or thereabouts. That way I sow a minefield of poots on any downturn from here. So the situation for me is thus.....I am long techstocks, also gold, silver, and energy stocks if I get a chance. Those positions hold unless I make a huge profit. In the mean time there is a ridiculous idea that stocks may go down in value. In that case this new stock option trader "still wet behind the ears" should make loads, as he is buying up poots at any opportunity where they pay for themselves. If we go up from here I will make a s**tload as I have a few calls plus my long positions too. R U lissining to me old boy? -g- pearly.