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Biotech / Medical : Trickle Portfolio -- Ignore unavailable to you. Want to Upgrade?


To: keokalani'nui who wrote (490)3/12/2001 4:25:52 PM
From: tuck  Read Replies (1) | Respond to of 1784
 
Wilder,

I see we're down hard for the day with numbers approaching crash proportions, reminiscent of climax sell-offs of '98, etc. Debating day trading a dead cat bounce tomorrow morning before I take off. I'll have to get up early and see what the futures portend. Maybe buy back a few calls that don't have much downside protection left in them, anyway. One of the only stocks Trickle owns that has good numbers and a reasonable PEG ratio is PCOP -- and the market wasn't very patient with it today.

MDZ, hmmm. Rick seems to like that one, too. Since that was one of Trickle's first buys -- in a 200 hundred share gulp back when it was feeling flush -- I haven't added. Though I might. And since a large part of Trickle's raison d'etre was to make money in real life, I might consider a real life put sale tomorrow, too (edit: Drat: no options on MDZ, which explains why I haven't played it yet; see put sale notes below). I've had my eye on it, looking for an entry myself. $13 to $14 looks decent. I must say that I actually have made money when I've played my Trickle picks. I just didn't hold 'em for very long; they were usually put sales in which I got to keep the money. Those have been, alas, a small portion of my trading universe.

Perhaps the true bottom will be in when we see a major magazine pronouncing the market dead, or the SI thread "Margin Calls -- Share the Pain" becomes the #1 hot subject. It isn't even in the top 50 right now. This would happen right as I'm about to leave, of course. The problem with vacations is all the catching up one has to do upon one's return.

If the bear continues into April, well, I can roll my put sales down and out and avoid the margin calls. That's what I like about them -- ya don't have to be a good market timer.

Thanks for the chat, seems like many quality posters aren't stopping by Trickle much these days. Check ya later and . . .

Cheers with a double margarita, Tuck