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To: Jacob Snyder who wrote (12245)9/20/2011 3:18:16 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 13403
 
DAL (Delta Air) ss 3000 @ $8.41; This adds to UAL, KLIC, MU, and Treasuries, my Short Portfolio. Lowered my price to short more MU to $7.15, and thinking about shorting more KLIC at $9.40.



To: Jacob Snyder who wrote (12245)6/4/2012 1:15:23 PM
From: Jacob Snyder2 Recommendations  Read Replies (2) | Respond to of 13403
 
KLIC cs 5000 @ $10.01 on June 1; entered orders to cover 5000 shares each at $9.5, $9, $8.5; if all those orders fill, I'll get out of my entire KLIC short position at a small profit. If it doesn't happen, I'll continue waiting. I still think we'll see KLIC at $5 again, when the next recession hits (99% certain, but timing very uncertain). Obviously, I've been too bearish during the last 6 months, and I'll now take the opportunity, if the market gives it to me, of exiting short positions without losses. KLIC troughed at $6.71 in last year's dip, so it's possible we see $8.5 on the current dip (that's not a prediction; it's just a plan in case it happens).

I'm only looking at my portfolio about once a month, since I've had family, political, health issues which are more important than following my money daily. Since last September, I've done little, just covering some of my shorts when I can get out without a loss; also sold some of my long positions (WM, RIG, RDS/B, XOM, all profitably). Overall, mainly because of the spectacular decline in my long solar positions, my portfolio is smaller now than 6 months ago. I'm still holding all those solar stocks, and won't sell unless I can get out even.

I find, if I make a mistake trading, all I have to do is wait (and wait.....and maybe wait some more), and eventually I can get out even.