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

To: ViperChick Secret Agent 006.9 who wrote (15592)	4/6/1998 12:15:00 PM
From: Mike McFarland	Respond to of 94695

Well the market can crash now... I am as fully invested as I can allow myself to get in this wacky wacky market: Fully one-third of my assets are in stocks now, the lastest trade being finally getting into Netscape Message 3972211 I sold my Dow puts last Friday I've just enough cash in my IRA to increase a couple of positions from my "one-third" stakes now to two-thirds, increasing positions to 3/3rds will have to come about through reducing positions (for instance I am overweighted with biotech right now...when/if that sector rallies I'll reduce my exposure there...) Anyway, I thought I would post my final post of the month here on the Kahuna thread, it has been one of my favorite threads during this fabulous run up. I think many of you have remained calm and level headed in the face of adversity, it has certainly been a difficult time for the bears. I wish you all the best on your shorts--indeed, I do like to play the puts, so I suppose I will be back with a smattering of puts after DOW 10,000--when and if that occurs. Now that it has stopped raining in Seattle, it is time to step away from the computer, drop a few pounds, and spend more time outdoors. I've always thought a person should be able to step away for at least a few weeks at a time, to prove he/she is not addicted to trading etc. I'll check my inbox in a few days, otherwise, time to fast. Bye everybody, see ya in a month-- "mayday may-day, were at 10,000 feet and our engines just cut out, mayday"