Zeev's Turnips Patch-No Politics (ZEEV)

[gary schrimpf]

Thank You Sandy:

You have pretty much expressed what I was about to say. I am amazed the same thoughts hit you about the same time they did me.

After perusing many boards throughout the day the opinions, charts analysis, and the bull/bear arguments are enough to drive one to drink.

I have a strategy similar to yours Sandy buy not quite the same.

Based on "my" intuition about a week and a half ago I bought puts on MSFT, DIA, IBM, and the QQQ's with expirations from April until September. (Luckily they are all positive for the moment though that is not a great concern). Meanwhile I have traded MSFT, IBM, and the Q's both short and long almost recovering my entire investment in the puts, never holding overnight. (another lucky break-(vbg))

At this point it is of no concern to me where the market goes as long as I can make short term positive trades.

Unless the market truly breaks out massively on the positive side (which no one seems to truly expect) I will hold the puts for an extended period of time as long as I almost own them for free.


I may not make as much as some others in the market, buy I don't have those nasty headaches either.

I might add though that people like Zeev and Sylvester are amazing to the point they can both trade and post at the same time.

I still have to learn to chew gum. -gg-