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To: bcrafty who wrote (75828)6/12/2003 9:03:54 AM
From: Jerry Olson  Respond to of 209892
 
bcrafty

in order to stay alive in the markets in a major trend like this i often take profits along the way..i did close all longs at the top of that Friday spike high..

i then on Tues began to dip buy all over again for another expected run to the top...i have many open option positions now, holding no stock shares...at these lofty heights i like the use of the leverage of options to be long or short.

and i will never be in cash for more than 1-2 days..i am still thinking long here as none of my internal indicators have turned even remotely down...

i've been long for 3 months, so you can interpret that which ever way you wish...long is long...