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To: yard_man who wrote (43208)	12/2/2000 5:29:55 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<sounds like Dec and Jan poots should be held, not sold or even pyramided ...>> Tip, I'm not sure I agree (though that was what the article contended). When we get a big flush and the VIX is running high, like on Thursday, I generally sell my near month holdings, and give it at least a day or two to recover. At that point, I'll consider putting them back on, possibly in the next month. If I REALLY believe we still have big flushing to do, I'll sell 1/2 position when they double and hold the rest. This is a more conservative strategy than some of the guys on the board use (AKA, Ice, Luc and Chic). Not that their approach is wrong, it's just my personality is more suited to swinging for singles than home runs. I do (did) hang on to my far OOTM positions, they hadn't appreciated much and that's my crash insurance for the rest of the month. Buy you MUST harvest at least some profits when they're their, cause they (usually) don't hang around long.