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[RT] Re: OPT - averaging down on MSFT leaps



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Hi Ira:

Sorry if you interpret it that way.

I have never maintained I'm right.  I just state that that's the way I have
been trading for the last 5+ years, and I can be wrong...


All along, I have said that the basic premise of my trading strategy is for
a bull market.  Hindsight will tell whether I'm dead wrong this time around.

Meanwhile, I'm just sticking to my original plan...

The fact is:  For the past 5+ years, I've been using this strategy and it's
been making me lots of money.  Perhaps it's just luck - I don't know.  But
if I had not done what I had been doing, then I would not have made a lot
of money in the last 5 years or so - I would have stayed out of the market
each time it went down a lot and I would be thinking it was the bear market...

If it's just luck, that I deserve what I get if the market turns bearish.
But agian, that will be hindsight.




Regards,

Wong
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At 03:12 PM 04/14/2000 -0700, Ira Tunik wrote:
>Why is it that someone has to defend a position?...