To: cog who wrote (22560 ) 1/20/1999 7:13:00 PM From: Jenna Read Replies (1) | Respond to of 120523
I don't have that much left.. I got out of lmost positions this morning and then again before the close. I have some heavy hitters left that looked good onto the close..but even those were just remnants of the initial positions. I even chose to sell POWI so I'm not that vulnerable I don't own any mutual funds. My investing habits are different from most. I have an A)intermediate account which I churn 4-6 times a year (January, July, April, October) to make way for 'good earners'..My intermediate account is pretty much 3/4 empty awaiting the good earnings plays from the next 2-3 weeks. My intermediate account does not have any tech stocks at this time. It's the intermediate account that is actually the most profitable. I held LXK fully one season from one earnings to the other, I held HDI there,QCOM, QLGC,MSFT,DELL,MACR, ADBE, AUD, BUD, and a few others all ex-earnings plays. I held these for at least 1 month and some I just sold (LXK) Last season I held POWI, CREE, USWB, DRTE and that's the way I do it. BVSN is one I might put in but AFTER earnings and after any selling. b)a trading account, which is the most active has more in it than should be Here lie the only tech stocks I am buying now are earnings plays and holding for up to 8 or 9 trading sessions. c) a money market account. I will never fall into a trap of holding a 'basket' of mutual funds that someone else chose for me. I don't commit to holding anything over a few months at any time. I usually maintain 30% in money market account because I can convert cash to make more 'money' quicker than I can convert a mutual fund to cash and for 24% a year a mutual fund is not an attractive avenue of investment for me. You have to understand I am a 'full time investor/trader' I don't spend 1 hour a week worrying about my account.. I spend 8 hours a day 'taking care' of it so it's quite different and as much as could be possible in these precarious times I'm more a master of my 'financial' fate than every before.