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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: Beachbumm who wrote (4553)	3/11/1998 10:43:00 PM
From: 5,17,37,5,101,...	Read Replies (1) \| Respond to of 6980

Chicken! That's funny. J.P. Morgan, when told by a friend that he could not sleep at night because he worried about his stocks, replied that he should "sell down to the sleeping point." That is precisely what I do. The point changes based on market conditions, but right now I'm sleeping fine at about 87% invested. I'll probably take some profits tomorrow in MDM. I just bought some more BAY. I learned a long time ago that buying options is a loser's game. I don't believe selling them makes a whole lot of money either. I'll buy and hold stocks anyday and if I need options I can create an option with the use of shorting and margin for less cost and no diminishing premium. Jackson