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

To: AltLar who wrote (18)	9/11/2003 1:28:44 AM
From: Sexton O Blake	Respond to of 23

Suggestions on Playing September HA! Good enough. First, I am not fully invested, lightened up a bit on those stocks that were, IMO, fully valued; or ran out of gas for the short term. Took some money out of of some juniors, China Fund (CHN)-completely out, and premature as it was, CNI. Reviewing my portfolio now to see if there are others. Loving my trips down - up - down and now up again with Reliant (RRI). You know, making some money. Even the latest Acclaim (AE/UN.TO) at $11 was a buying opportunity for me. Closed today at $11.40. Been a while, but finally some of my BigBoard stocks (GE/WMT and UPS) are finally in the black again. These are pre-2000 investments that have just paid out a dividend and only a few hundred bucks profit so far. (bad!) Second, as for playing this month. I would rather stay where I am right now and be "IN", assuming nothing happens to pull the markets down. I am buying some junior/penny PM stocks.. (shhhh! quiet!) As a defensive play, I did buy 2 Lots of QQQ OCT $34 PUTS today ($1.30/lot). The total open cost was $300US. No, I am not into HUNDREDS of THOUSANDS of dollars. I have been burned a bit with PUTS/CALLS (very risky) - but felt a $300 Insurance policy - would help offset some US investments I have, should they decline. We'll see. (I prefer PUTS over SHORTING, since the OPTIONS provide a MAXIMUM loss where as SHORTS are can have infinite losses; just that with OPTIONS it is very hard to make money. I have been on the wagon for about about 3-4 years - this is my first entry back). QQQ are good options - liquid, very volatile (My experience - you never buy options for stocks that tend to not move in price - the clock ticks ticks ticks and you watch your option premium fade into the sunset). Most people think October is the worse month - but statistically, although there are very HUGE down days, within days after that, there has been RAPID rises. So throwing your money into DIA (Diamonds - DJI); SPY (S&P 500 Spiders-OT: Love their new commericals); or QQQ (Nasdaq Cubes) - either LONG or with CALL options, would be a good thing to do on some really down days -- keep your eyes on the prize and finger on the trigger.. (and jeez I can tell you I have done a great job at missing days like that over the years, I hope (IF IT HAPPENS THIS YEAR) I will FINALLY make some good decisions...) No guru. No expert. Mutual Fund Free. Advisor Free. Learning everyday. Learning from my mistakes. And here after the Tech Crash... stick paying my commissions to TD with their pitiful site.. LOL! Just taking names and kicking ass Lar! Cheers all. <font size=3><font color=blue>S</font><font color=gold>o</font><font color=Blue>B</font>