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

To: mishedlo who wrote (19966)	7/7/2001 7:01:38 PM
From: Jacob Snyder	Respond to of 30051

re: why jump in now? I'm not jumping. I put one toe in at 13, and another toe in at 11, and have cash reserves to dollar-cost average down to 5. On friday, I sold the last of my puts (in NVLS), and I have limit orders to go long on various equities, at various prices, from here on down. I've learned the hard way, to start buying before where I think the bottom will be, and hold some cash back to buy in case the real bottom is a lot lower than I expect. I, too, think there is a good chance of a retest of the lows on the Nas. Or lower lows. But only a chance, not a certainty. I've spent a lot of time comparing NTAP and EMC, and I can't decide who will be the winner as their markets converge. EMC has the brand and the size. NTAP may have a "discontinuous innovation" that is going to do to EMC what MSFT and INTC did to IBM. So I'm buying both. I have a rule about options, even if I think I won't be holding long: always use LEAPs. Always. Shorter-term options are just like throwing dice: only the dealer (=market-maker), and insiders, win that game. You pay for the risk-reduction, and it is worth it.