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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (202869)	11/6/2002 5:42:13 PM
From: GrillSgt	Read Replies (1) \| Respond to of 436258

About time..my ass is starting to bleed Wasn't a warning..Sunshine called it 'conservative guidance' <g>

To: Lucretius who wrote (202869)	11/6/2002 9:00:01 PM
From: Tommaso	Respond to of 436258

Just for the record, I covered one third of my IBM shorts but I added twice as much to some DJX puts (September 2003). I am sure counting on the Dow to make me some money on its downside over the next six months. I mean BIGTIME. I saw my old broker at a chi-chi party this evening. He is talking "bottom in" etc. though also saying "revisit of 8000 is possible." I didn't argue, I just listened. I will be closing my latest DJX puts if/when it dips back to 7500, the next earlier batch at 6800, and the last at 6000. I expect 4500 at some point, but would not want to put big money on it on the downside. Cash will do. It's a shame there is no really good place to park money. Even in 1973 I had a fixed annuity that I could get a steady 7.25% while waiting for the market to collapse. There's nothing like that now. You have to speculate on everything. I mean there are my energy royalty trusts paying up to 18%, but they are at the mercy of energy prices.