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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (24592)	9/24/1998 3:11:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

"INTC reports on Oct 14th, and with the positive pre-announcement early this month aren't you afraid it will continue to go up on speculation??" Sure, and the sentiment changes hour by hour now. But, options have a huge premium now,due to the volatility, so one is stuck with shorting to protect against a downturn. Keep in mind my long positions have 2x-12x returns, so I am not going to sell and pay our gov. If I lose some money, it is ok. Indictments could occur any day on Bruce Lindsey and others close to the Pres. What are we going to do, go back to 9000 on the dow, with all this in the air? I am 90% long, but it is too absurd now for me to just buy and hold like usual. I am just trying to pick some spots carefully. So far, so good.