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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (22128)8/5/2002 6:22:29 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi DJ, <<... you just hedge by ie keeping out of cross-hairs (Pt, Au, Aus$...). What about returning fire with some straight shorts or nice leap puts on GE, C, JPM, INTC, MSFT. oh well, make it SnP500 & NAZ?>>

At the end of a bear market, all the bulls and half of the bears will be dead. I did close out my long RDN August put position at a profit. I do not buy options very often. I do not have the stomach for the extra layer of risk associated with the ticking of the clock.

If I do not suffer a 1% loss from nest egg well, then buying enough puts to make a difference would be like drinking laced Kool Aids.

Watching the slaughter is exciting enough;0)

Chugs, Jay