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

To: Gottfried who wrote (25784)	10/27/1998 6:19:00 PM
From: Robert O	Respond to of 70976

Slow day con't.. G: The only time I dived into a possible BK situation was Kmart (Yes, K-mart) when there was talk of imminent failure around the $7 a share mark. Rode it from $7 to $13 years back. Problem is that's back when EVERYONE was in funds and I thought 20% of net worth in ONE stock (gasp) was insanity. That was before I found out about option leverage. Now, insanity has been left behind as far too conservative <g>. I've been making all my excellent calls in advance, G, but they've been so far in advance that by the time the market gets to the (my) "truth" I'm bust. Taking a page out of your book, I'll don the sign: "Will invest prematurely for over-ripe food." RO