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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: aniela who wrote (19909)	7/17/2003 2:12:48 PM
From: jim_p	Read Replies (1) \| Respond to of 23153

wiesia, The good years were 1999 and 2003 (starting back in Oct of 2002). 2000 was also a good year, but not as good as 1999. 2001 and 2002 were about a break even for me. My style has changed. In 1999 and 2000 I used margin and was 100% oil and gas and diversified into many stocks. Today I like to only play 1-3 stocks at a time (mostly one) in only one sector and make large investments. I don't use margin anymore and I keep 30-50% cash most of the time. I like distressed stocks such as RRI and look for good value in areas that I have a lot of personal knowledge. I lost money shorting the home builders and playing the tech stocks a little to soon. The returns would be a lot higher if I had exited the oil path earlier in the last cycle, but selling is a lot more difficult than buying. The returns are about the same using either method of investing, but as brother Bum has noted the later style requires lots of Rolaids. Jim