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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (15749)	12/19/1997 1:39:00 AM
From: TimbaBear	Respond to of 50167

Well, Jim, first let me say that most of my positions involve owning the stock......although I have some options, the current ones have all gotten hammered so badly at this point that, if I sold them, all I'd be doing is getting enough to pay the broker :(. So, I've decided to hold them for maybe a little rally after the first of the year.....my options have Feb & Mar call dates. I buy stocks because, if I have to, I can hold long enough to recover if the force driving down the price isn't due to some flaw in the company or the market it serves....For example, last December I bought DEC at 39ish, and over the next several months it went down to 25ish....I held the stock because I believed in the fundamentals....it recovered and I sold it in October for about a 20% gain after commissions....I sold it because I believed the fundamentals had deteriorated ( in hindsight, it turns out to be a good move)....I bought WCOM options and sold when they doubled....I bought AMAT at 34 for a quick trading gain, it dropped to 31 5/8 and I sold, it wasn't giving me the quick gain, so I got out.....different strategies for different situations By the way...WATCH OUT BELOW!!!.....Nikkei tanked tonight big time......gonna be a bad one tomorrow....if you are good at shorts and know which ones you want to be in, tomorrow is going to be a duck shoot!......I expect the market to pare it's losses later in the day but not by much....my opinion.....DOW down 200+....hope I'm wrong. Tim