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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (56448)	12/10/2001 7:38:51 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

I've been back on the Tug Boat for a while now and enjoying it too. So I haven't been trading as much or keeping my usual eye on the market. Just sort of winging it. Like most I took a good size hit in September but had enough cash to buy some more and all in all I'm up 50% from my September low. I only have 8 long positions 3 of which are bull option spreads on the QQQ. In the last 3 weeks I started hedging off those longs using the USPIX and for the most part have stood still I added some to the short fund last Thursday so I'm overall just a tad more short than long. If and when I close the short fund side I'll wind up about 40% stocks 40% ( old bonds ) and 20% cash Taht USPIX is 2x short so I can hedge with it and not use a lot of cash to do so. While it's my smallest market position the drop today helped my overall position more than hurting it. ------- With the boat work and me dabbing in some local real estate I feel I'm going to slowly be getting out of the stock market. My dead line is 2004 ( if not before ) Any real strong run up and I'll clear out my longs sooner. I've concluded I can do as good or better than the market just flipping local real-estate. Jim