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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (3508)	4/18/2001 6:49:46 AM
From: chowder	Read Replies (2) \| Respond to of 23153

Baseball.... Is that the Red Sox I see in first place, two games ahead of the Yankees??? Oh yeah! Going long the Bosox and shorting the Yankees. Fully invested and max-margined. Oh happy days are here again. The curse of the Babe is over. (I hope! .... shhhhh! don't wanna jinx em) dabum

To: chowder who wrote (3508)	4/18/2001 7:04:25 AM
From: Second_Titan	Respond to of 23153

Although I have a relatively risky portfolio by being 85%~ long energy, I dont like to place big bets in any one stock anymore. I made very good bets on FLC & CRK that came through. I probably could have done just as well with similar stocks and limited company risk. My RFMD was a put for $0.9 which was up to $1.3 by the close. I did not place a big bet, as I was hoping for a single or a double. I have been very lucky lately with speculative plays in FGH, & WFC. I agree that learning to short is a very crucial step in learning to invest / trade. In fact I am trading almost half of my portfolio vs holding more for intermediate terms. I think keeping your perspective open to shorting also helps you to close out long positions when they get toppy. Knowing when to take losses is very important as limiting losses is one of the key skills to earning the most returns. I have taken a few hits over the last year. But nothing devastating. Recently I fell in love with PDE, thinking I saw something in the tape, added to my already large position at $27 or so. Fortunately I cut my losses in time to renter other darlings at their bottoms.. Today I am sitting at my max portfolio value after roughly 15 months of active trading. Not bad for ex-Navy squid trading my way while finally finishing my degree. Hope to finish before my oldest enters college next year. I dont have allot online with RFMD so I may hold it for awhile. Although one month may not be long enough for this wave of insanity to dissipate.