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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (901)	10/16/1998 11:51:00 AM
From: LemurHouse	Read Replies (1) \| Respond to of 1722

Well, you guys are finally beginning to succeed in scaring the bejesus out of me! I've never been a market timer, but the teeter-tottering of these past few weeks is beginning to make me reconsider. I'm certainly not on margin, but I am heavily invested in a small number of specific companies. I'm reasonably sanguine about the business prospects of each but then a couple of them have rich valuations and consequently have a good ways to fall. What are each of you actually doing? Are you in cash? Cheers.

To: Freedom Fighter who wrote (901)	10/16/1998 6:45:00 PM
From: Freedom Fighter	Respond to of 1722

Kimberly Clark Update, I got called called out of my Kimberly Clark shares today (I had sold Oct 45 calls) I bought the shares at 37 3/16 on 9/1/98. I also sold some October 40 puts to buy some more if it remained low. When it got into the low 40's I sold some 45 calls. In six weeks I netted 7 13/16 on the stock, a point and change on the puts, and a point and change on the calls. Not bad for a position I really didn't like that much to begin with. It's hard to believe that I keep getting pissed off at Greenspan and think he is either the most irresponsible or incompetent U.S. central banker ever when he keeps making money for me. But I DO and HE IS.