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Re: Mr. Zen post# 1955

Wednesday, 01/26/2005 11:37:15 AM

Wednesday, January 26, 2005 11:37:15 AM

Post# of 7422
My sentiments and strategy exactly.

Some time back I sold enough to make a very substantial free position.That sale was at a time when there were a lot of "what if's" than there are now.

That strategy of creating a free position has saved my bacon many times as I am not an error free investor[have you met one who wasn't a liar?] and have bought stocks which after an initial surge,failed completely later.

Chech out PWLX bombing today.Lots of people are wetting themselves but my shares are free and I just shrug and wait for a probable recovery or possible total collapse.Either way I don't chew rolaids like the hot shot crew!

I have rarely lost taking advantage of that surge while many hotshots[wet behind the ears]took exception to my strategy.

It has always been a mystery why there is always someone who seems to take my strategy personally and can't let it go.

Silly, no?

It's a winning strategy for me and for thousands of other cagey investors.

Now that ALMI is on much more solid footing I am here for the long haul.No swing trading.No market timing.No panicky reaction to the inevitable bumps along the way.

Quite content with my pile of free shares.