Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (13793)	2/2/1998 7:10:00 PM
From: Don S.Boller	Read Replies (2) \| Respond to of 94695

Bill: Matt stood in the doorway. Almost blocking out the early light of dawn. Silence permeated the Long Branch at that time of day. Then, almost in a whisper, Miss Kitty, barely looking up, said, "Matt...be careful out there today."

To: William H Huebl who wrote (13793)	2/2/1998 9:03:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi Bill; Your "be careful well taken" I'v closed most all but the long term holders I got bottom fishing. And I've moved into a couple of funds. I didn't count on this run up Friday, in picking my picks, it sure helped them. I saw the foreign markets and futures this morning before the open, and post as early as I could, that the BULLs were coming strong. I know I sound hype up, but I deserve it. I never started on the indicators I now use untill DEC. back from late July to thru Nov I was tied up on the boats, and missed the OCT sell off, but was caught in it. On DEC 5th I saw the top of a bubble and exited my funds..( using my newer indicators ) which have been improving all along. From Dec I made 10 calls, but missed 3 of them, all three were on the short side.. I dare say the bears emotion has been strong too..none the less I corrected one of thoes mistakes more by luck than anything, put me 3 wrong out of 11..this morning I hit it right so now I have 9 to 3, out of 12 that's just as good as any one I've found on SI, and I do look. In fact I often waste a lot of time just to scan back to check out just how well people post calls that hit. I've even downloaded short interest, and most of the up/down grades that the Anal-cyst make, and did a follow up on them. So I guess that's being carefull..the Anal-cyst have the worse record of all. Just about any SI poster can beat their calls. <G> News I read but ask why ? as I know it's not really new, and is already know by a lot of insiders and mostly priced into the stock. Or it's there to manipulate the stock. That much becomes evident if people do follow ups..any way I'm about ready to go back to sea in a week or so..I see the market up at least 2% in the next 3 months, ( min )..that will beat bonds so I went into some funds. I did not cash in the bonds I have mind you, as what I got is better than rates now, and I've always been hedged in bonds about 60%. Most of the cash I've been playing with is from silver I sold that I had held for 10 years or so ( would have to look it up. ) remember back when silver hit 3.75..well I bought back then, and dare say I sure would have done better with that dough in bonds. Well what say , do you think the market will be up 2% in three months or down. ? My bet is up that much or more which will beat going into more bonds. Do you propose a person buy puts on the S&P out into July and pay that premium..and hope the market falls enough to justify it, I don't see any cheap enough to profit on unless the market takes a big dive.. even then you have to set a target or keep you rear glued to the market every day..which I'm begining to think is silly. What puts at what price , and were is the target to sell at, so you can set them and go about other business ? -------------------- There is one thing I may do with some puts, I'll have to check my powder..I see one or two stocks I wouldn't mind haveing if they were just a little cheaper..so I may write some naked puts, on them before I go out. Both TMAR and APM if I can get enough premium, and have enough powder to take them on in the event they come to me. I've wrote puts before too..and have never lost one cent doing so, I had AMD put to me at 12.50 but taking off the prem..I got her her at 11.25 then wrote more puts at 10, and hoped she would get put to me..I wrote puts on PSIX and got in cheaper than any one else, I actully wound up owning the stock below the lowest price she ever went. Yes I dare say I'v made more writing puts ( percentage wise ) than most people have buying them. Jim