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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (4791)	1/28/2011 1:08:55 PM
From: Hepps	Read Replies (1) \| Respond to of 5891

Gottfried, Frankly, I'm working with an entirely different philosophy than I had in 1999. Then I was worried I would be the last person to make a million. I had toyed with taking money off the table, but couldn't bring myself to pay 150K in taxes from the gains. Look how that turned out. I've got a share of ICGE trading at 11 bucks that used to be 100 shares at $30. Now there is such a thing as good enough, and a just try and nick the market for 50 bps a month and sell when the market outruns my calls. I've got 50% cash on the sidelines, and will buy all the way down on the next bad day (or week). My new approach is a lot less stressful. I keep the share of ICGE because I can't afford to sell it and as a reminder. I don't see a come to Jesus moment like we had in 2008 on the horizon, but do see some rough times ahead. This deficit issues is not going to go away, and the consequences will leave a mark. I'm contemplating dumping my MSFT; Apple has doubled earnings in the past two years and MSFT hasn't done squat. It's one of my few equity holdings, money not in cash is mainly in indexes. Cheers Hepps

To: Gottfried who wrote (4791)	2/23/2011 1:49:39 PM
From: Hepps	Read Replies (1) \| Respond to of 5891

Got called out of my QCOM (30% of it) and some more IWM (R2000) positions last week; looks like the market is coming back to me now. I see no reason why it can't move down a long way from here... housing and unemployment is still in the dumps... QE2 ends in June, the Eurozone is still a losing proposition and the Middle East has a high degree of uncertainty- we don't know where it will end. Markets hate uncertainty, and much of the loose money seems to have gotten back in. Time to take out the weak hands. I'm over 50% cash at this point and looking forward to getting back in. I'm going to sit and watch for the next month to see where the momentum is going. Regardless, we're going to see a retracement sooner or later. Good luck to all Hepps