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Pastimes : Rules We Can Learn From -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (1)	4/25/1998 12:16:00 PM
From: Byram	Respond to of 109

Don't Be greedy - Take a profit or at least sell a portion of your position to recoup your basis - The formula is sell enough to pay for your basis even if the remainder get hammered to 1/2 of current price...Usually that is less than 1/2 of your position leaving a greater Percentage for profit.. Byram Edit Purchase: 10 OEX @ $6.00 = 6000 Sell: 4 Contracts @ $9.00 = 3600.00 Remaining: 6 contracts or $2400.00 basis Means it could Zoom south & to preserve your basis you could take as little as $4.00

To: The Perfect Hedge who wrote (1)	4/25/1998 12:19:00 PM
From: bw	Read Replies (1) \| Respond to of 109

I've learned to be very successful in the markets by doing the exact opposite of Beeblebrox. He buys EVI...I sell. He takes a risky options strategy...I buy/sell against his position. When Beeblebrox is optimistic...I go for 100% cash. He finally, almost single-handedly, recently pulled the oil service stocks out of their steep declines by turning bearish and giving up all hope on the sector. Power to the Beeble, Right on !!

To: The Perfect Hedge who wrote (1)	4/25/1998 12:57:00 PM
From: John Carpenter	Respond to of 109

Be flexible, know when to break the rules.

To: The Perfect Hedge who wrote (1)	4/25/1998 1:05:00 PM
From: John Carpenter	Read Replies (1) \| Respond to of 109

There really are no rules to investing. Markets are essentially out of control. When a "rule" emerges, it ultimately becomes the victim of its own success.

To: The Perfect Hedge who wrote (1)	4/25/1998 11:24:00 PM
From: drsvelte	Read Replies (2) \| Respond to of 109

Beebs: Congratulations on the thread. Limit your risk on a play to 2% of your capital. (I wish I would stick to this!)