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

To: ild who wrote (22767)	12/4/2002 7:22:47 PM
From: Canuck Dave	Respond to of 36161

Just my opinion coming. I'm old fashioned. I am willing to lose all the speculation capital I have but not more. I refuse to put my house at risk (it took me 15 years of working at a day job to pay it off) for a few more dollars of up side. No guarantees in the markets. Not worth risking losing everything. CD

To: ild who wrote (22767)	12/4/2002 9:33:44 PM
From: nspolar	Respond to of 36161

ild, I can't really comment on your logic. You have to figure that one out on your own. My logic has a lot to do with my liquidity which may be different than yours. I might also add I believe rates will drop yet further, before this is over. They have to rise 5 percentage points for me to get back to where I was, and I don't believe that will happen tomorrow. Risk is different for different folks. I didn't get where I'm at by not taking some. However I've pulled a couple of real boners along the way. I'm trying all the time to utilize risk to my advantage (better than what I used to do), do a better job of avoiding bad risk than what I have done, and I figure I'll be fine and even improve upon my returns. There are several folks that post on this board that probably do all that better than I. Watch them and read their posts. It takes experience, and a few bad knocks usually help the learning process. The best way to learn is to look a lot at your past mistakes, and understand what went wrong. As to your last question the refi charges at the outfit I'm dealing with are quite low. I chose to pay some points to get the lower rate, but may re-evaluate since I have not yet closed. You can switch at any time later on, at a reasonable fee. I'm dealing with Thornburg - it is on the net. Good Luck.