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

To: Think4Yourself who wrote (6926)	8/23/2001 4:19:36 PM
From: Tommaso	Respond to of 23153

I swear I am not a permabear, but the only time I ever used margin on the positive side of the market was 1982-1984. You had to be pretty sure of being right then because the interest rate was 20%. But I margined to my limit on a collection of discounted closed-end funds. I even ran a debit balance in my bank overdraft account. I was heavily margined in 2000 to maintain my XLK short position that came pretty close to wiping out my trading account before the market broke. But right now, I just don't do margin either way, unless you count the cash I held until recently against my QQQ shorts. I do use leverage--options and warrants, especially warrants on the euro, but these are all paid up. Hope you make some money on your longs.

To: Think4Yourself who wrote (6926)	8/23/2001 5:45:13 PM
From: Warpfactor	Read Replies (3) \| Respond to of 23153

Good Luck on your heavily long position, JQP. I think only a few of us on this thread are going against the conventional wisdom - you, me, Ed, maybe Hitsoft. Most of my long stuff is in SPY. I've decided to temporarily reduce my exposure to tech, specifically my group of high-fliers. I'm comfortable holding SUNW and ORCL here, but the QLGC and GNSS needed to being either sold or protected with shorts or options. A 10-15% Nasdaq haircut in the next few weeks will probably result in QLGC losing 25-30%. Hell, it's already lost 20% in the past couple days, and it looks like the QLGC canoe has just started it trip to the bottom of Niagara Falls (glancing at a candlestick). GNSS looks ready to break down as well. In addition to SUNW and ORCL, also holding KLAC, PSFT and, ahem, JDSU. Speaking of which, I'm planning on initiating a tracking portfolio soon - hopefully to coincide with a big NASDAQ selloff within a week or two. Razor had his runts, Big Dog had his Oily Dog Fund. I am going to populate a portfolio with ex-tech gorillas that are now washed up losers. I shall call it "Warpfactors Wrunts". Will use my own $$ and hold for two years. Here's my list of candidates, of which I will select 5 or 6: Warpfactors Wrunts: LU NT JDSU CSCO SUNW ORCL I prefer stocks under $20. Under $10 would be even better. Anthing else look good on this list??