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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: sjemmeri who wrote (9783)	1/3/2001 10:30:07 PM
From: Zeev Hed	Respond to of 30051

My core is 25% in wild times like last year, it goes up much higher when I feel a bull trend is in place. Right now, I still consider this a "wild market" and thus I expect trading to be a better strategy than LTBH. Profits from trading simply get redistributed in the "core". Unfortunately, the core also contains few "dead bodies" like PROG and HEC (luckily neither particularly substantial), just as a reminder of "past mistakes" (g). I also use many of the core positions to write covered calls against, rolled over automatically, from time to times (about once every three to four cycles), I err and get my stock called, I turn around buy it back (or in anticipation take a loss on the call buying it back and writting a higher price later date call), that provides by itself a steady return of better than 18% over a number of years. Selling time that lapses is really like taking candy from kids. I stop writing when a solid uptrend is established (my best sign for that is getting hit twice in a row with the stock being called away...). Zeev