rio up in us and london, page-29

re: rio up in us and london ... to rembrant et al thanks for telling me, Cloudstreet. glad to hear that it's not a major tragedy like I imagined. don't you think it would be best to just hang on to those calls, maybe add some july 3350's, altho they wouldn't be cheap? I'm not sure I like that rollover plan for the puts. just because there is a minor upswing does not mean that market uncertainty has been wiped away overnight.

the worst thing one can do is try to chase one's losses. each situation has to be assessed on its merits from day to day. an example: let us say I have sold something too soon & next day it goes up on some hype that I hadn't been aware of. I jump back in & sure enough, small profit turns into big loss. when a dispassionate look at the charts would have told me to leave it alone, hype (spike) & all. it's not as if there was a raging bull (market) just around the corner.

of course, excessive caution can likewise prove costly. not easy, being a trader.