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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (5782)	4/14/2001 11:35:14 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

I would agree with that. For nimble traders, I would have to say that it is probably safest to take profits and maybe play the short side. Unfortunately I work during the day and can't monitor things that tight. I also hate to chase so rather than risk selling, having it run up a bit more, do a minor dip where I can't get the bottom and end up trying to decide if I will pay more than when I exited, I know I won't. Therefore, I would personally rather hedge with puts and ride my longs barring really bad INTC or MSFT news etc. That way, if I can catch the bottom, great!. If I miss it, then I have LEAP puts to still make money when we likely retest or bust through the lows later this year. It is a personal choice of trading style. Most of the time I am holding longs and shorts at the same time. it is just a matter of weighting in my case. I was bare long 2 weeks ago, semi hedged as of Wednesday and will be almost if not fully hedged Monday night most probably. Good Luck, Lee