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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (32420)	9/9/1998 12:22:00 PM
From: Knighty Tin	Respond to of 132070

John, I take a lot of heat over this, but I stick with my bearish positions, just less so. That is why my 90/10 dipped to a low in long puts of 35% at the bottom and is now back up to 50% after yesterday's insanity. Part of that wasn't a conscious decision. I tried to roll Citicorp puts down and many others and sometimes the strikes weren't where I wanted them. But part of it was a timing sense. Now, some folks say, why not shift and buy calls? And, I sometimes ask that of myself. But, I am a fundamentalist and a contrarian. I would take advantage of Greater Fool Theory hiccups if I thought I had any talent in that direction, but I don't. I look at the crap the momentum geeks believe and I always feel that they have to wake up very soon. They don't, but I do not feel comfortable betting that they will remain lobotomized and believing Abby Jo for a specific period of time. It comes down to the fact that I'd rather have a few bad expiration days than split my army of money, actually a small platoon <G>, away from what I believe is the main direction of the market and valuations. MB