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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (10398)	4/2/2002 6:41:21 PM
From: White Bear	Read Replies (3) \| Respond to of 36161

You know ISO you keep calling this a game. It is not a game. It is a business. Come to Reno where I live and I will show you games. You are not a pro my boy. This is not a game kid.

To: isopatch who wrote (10398)	4/2/2002 6:56:40 PM
From: re3	Respond to of 36161

iso, thank you for the advice and i appreciate you taking the time to write me, and i'm sure others will benefit too... i have been reducing my risk, and have learned a lot from many people on s.i. including a good guy who recently became a broker who taught his thread readers the 90/10 strategy...i've switched into some nice divvie plays like PCL, USU, TRP and today enbridge, and i almost always sell covered calls for extra income. i made nice coin on gold stocks and have reduced my exposure, or sold calls on stuff like pdg, etc...i do not consider any of my positions (except a core, do not touch position on hgmcy and drooy) as anything to be married to and they are all designated as trading sardines... you are totally correct, MANAGING RISK is key. i think, given todays events, i've done the best i can with that, i.e. if SWC really tanks, i've got my stop loss in at 12.5 via owning the calls. if it is trading less than that when the calls expire, i can always reevaluate... it is true that things happen in the market, no doubt whatsoever, but this one seems to take the cake for (as knighty tin says it) 'snatching defeat from the jaws of victory' oh well, it could be worse, i could be way long nortel or something at several times the current price, like every other canuck seems to still be around these parts... i disagree about the concept of large cap stocks with less volatility...i do not think any such stock exists, and really, the better value (if there is any value out there at all which is also debateable) is in the smaller cap stuff...eventually i see the dow at 5k and the nasdaq at 600 (maybe that is generous?)... good luck to you too !