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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (38871)	10/10/2005 10:20:26 PM
From: Earlie	Read Replies (4) \| Respond to of 116555

Box: Go back and have a look at IBM in the last down leg. It fell from over $100 to around $55. I didn't get all of that one but I did get a decent part of it. I also obtained decent results when many other techs fell when the NAZ was trampled (I had fairly decent positions when it let go). Have owned puts on and off since and the returns since that last one have been negative. From my perspective, IBM has been "hollowed out" over the years. It still commands a growth stock PE in spite of the fact that the balance sheet is in decline and the earnings have been fairly flat for years. I like this kind of situation when the markets are looking crummy. I did just take on IBM puts a short while ago. Most tech stocks have provided somewhat similar results,.... big wins in the last down leg and small losses on the put/short positions carried over the last year or so. My strategy over the last year or so has been outlined and seems to have worked out. Buy a few juniors that have been researched. Trade the senior gold stocks with the rise and fall of gold itself. Accumulate gold juniors that have large reserves. Carry puts/shorts as insurance. Best, Earlie