Jim Goodman's "The Right Side of the PSYCLE sm"
Stocks/Industry Groups Timing Newsletter, and Education service
issue # 62, dated: 10:00 am, P.S.T., Thursday, Jan. 07, 1999

**** Newest Market Comments: Neat.... getting more and more nice, quick bounces/rises among our Depresseds, having seen continuing final tax-selling among other depresseds, and, I assume, some profit-taking coming soon, early in 1999, among Extended stocks (but I have certainly had one of my rare "not very good" periods with those lately)....With slight "sucker breaks" occuring, in both directions, which, as I said, was going to be normal for this time of year, causing new, potential, fakeout, lows/highs... .So I suggested that one step back, and VIEW the charts, ACTING agressively to take advantage of more expected tax-selling bounces among our depresseds, while still buying occasional Puts on our extended stocks which have Not broken out.... Oh, and if you know anyone in the magazine, newspaper, newsletter, brokerage, money mgmt., TV, radio, business, please let me know directly, and/or let them know about me....With most Media outputs/interviews giving tons of predictions being made by mostly mediocre people, it is important that my "PSYCLE sm" get more deserved exposure here....Thanks....remember, more exposure for me, will help some of our stocks move....

Therefore, you should already be, or have been in, at least, one each, a depressed Oil Service, Y2K, Health, Prec. Metal, Steel, Farm, Tech., etc., stock, long (as a "portfolio" of sorts, see sec. (6)). And, perhaps, one or two Puts, sec. (7) ? I am especially proud of my Oil Service, Steel, Y2K, and Farm, stocks, where I was certainly, again, the first/only guy around to have predicted those bottoms....I am glad to be helping you so much on the long side....re-read my Booklet on "Ind. Group Rotation", and see how those fit perfectly....The current bounces look to continue for our depresseds, but (only) many "extended" stocks look ready for a correction, which would be unexpected by most everybody (gosh knows we have seen enough aborted tops breakout again, in very late stage 3), and hence, a "correction of excess from out of nowhere" becomes more likely, every day, sentiment-wise....Of course, since the vast, vast majority of my subscribers have still never done a "put", our logical, recent, QS losses in Puts, should not be of much consequence, vs. the now Large % Q rises we are getting you, in a ton of our long-side stocks, which I assume you ARE in. Good for you.

Remember, that often, notice, these tax-selling-type bounces seem to occur "in a vacuum", as real quick, initial pops....As I teach, the mistakes, are letting any recent past losses prevent one (mentally) from taking advantage in such stocks, again, recently/now, and/or one's failure to learn that at this time of year, the lowest-priced stocks are often the best, highest reward-to-risk ratio ideas, and NOT, the "already way up ones"....We want to think in terms of percentages, not "points", right ? Also, for the umpteenth time, a stock can certainly bounce, up and down, and become buys or puts, multiple times, over days or weeks, as long as its pattern remains intact....Hence the helpful "repeats" in section (3) each time....also see sec. (8) today, below....

But do know, that, in the bigger picture, this is still a "super Split" market . I am just sharing what I see, so YOU get a better overall picture of what is really going on. I also want to thank the growing number of subscribers who are starting to "think Psyclically", that is, not only catching many long-side gains, but also finding news items like those I show in sec. (2) each NL, which portend different potential timing nuances/signals vs. stocks mentioned....good for you/them....The message to the rest of you: if so many of those nice people can do it, without spending much time/effort, viewing the charts of ideas briefly, so can you. These nice people are no more super-talented than the rest of us....they just see the pattern, know what types of stocks fit their needs in different accounts, and do what we do herein, after viewing some charts briefly....

New: in addition to our depresseds and EVB's, I am also seeing some "secondary pullback lows" occuring, after initial bounces, in many of our depressed stocks....this means the "tax-selling bounces" have started already for those issues....This is also sometimes becomes S.T. stage 2 behavior, technically....think about that....see Section (4) below....and, now, am I seeing some early stage 3-type bounces in those types of stocks/patterns ?

IMPORTANT: obviously, we are going to get some pullbacks-after-Initial-rises in some of our bouncers....Remember, when/if some stocks get back down towards originally suggested buy levels, we may be able to catch some :stage 2" rises, later....and, for people who "just missed" some of those, another set of opportunities to buy them ? we shall see....Heck, the Oil Service stocks have given us 3, full opoortunities to buy, and, for S.T. option traders, two previous sale opportunities, before they pulled back that third/last time in Dec., yes ? So, some subscribers have held them all along, others have traded them twice before, in 1998, and some waited for a longer, better base/formation to form, and only recently bought them for the first time, near their lows....

*** Obvious Unbelievably Valuable Tip: the definition of a "BASE" is a period of time during which a depressed stock trades in a fairly-narrow range, after a big price drop, right ? Well, a stock can drop from 40, to 8, then go 8, 13, 7, 12, 8, 13, etc., before possibly breaking out over 13, dig ? Herein, I not only give you the stock near 8, the Industry Group if helpful, and, 1, 2, or 3 opportunities/chances to catch it, but it, sell it shorter-term, or hold it for longer-term, as part of a diversified portfolio, etc. If it was an EVB, it ends up having just that one bottom....while a double-bottom, has a sell opportunity in the middle (duh....), and, a real "Base", may have a few buy-and-sell-points, all within the "stage 1" formation, each of which can mean a 25-50-75 % move, cash basis, when/if we are correct....When a longer base DOES form, the stock still remains a buy, around 8, when/if it pulls back from one of those bounces to 13, down the road...Obviously, at, say, 10 or 11, up/down from the base parameters, is no man's land, and we have to wait to see what transpires....And, usually, there is no way to know, from day one, exactly what eventual pattern will unfold....we have NO "scenarios"....Last: the longer it takes to form the bottom pattern, the lower its 200 DMA is going to become, over time, right ? Therefore, the greater potential for the stock to breakout completely, eventually, especially if we see much higher volume during the "Right Side of the Base", get it ? --- While, the shorter the depressed bottom pattern, the farther that stock has above it, to rise, to run into its 200 DMA or previously-broken-down-from price level, as estimated target/resistance....This is not rocket science: it is good common sense, logical, simple, and natural....

While we are definitely catching many depressed bouncers for you herein, I am still seeing too many breaks of budding patterns among already-extended Puts, as their parabolic rises seem to defy whatever....but, as you know we never fight the tape, hence the real tight stops on our puttables, conserving our capital, and, of course, been properly leaning way, way more to the Long-side lately....I remain quite satisfied with my sec. (6) patterns among our favored I.G.'s, and even in sec. (7), and have been suggesting action, vs. inaction, for our normal above-avg. performance from late-year....Being among the few honest guys in this business, means, I gotta cut losses when patterns break, to protect my followers, which I always have....Last, remember, some stocks will "EVB/tax-sell bottom" in Dec., and others will have their bottoms early Jan., so, Step back, View the charts, gain perspective and knowledge and confidence to ACT.

NEW: an important note: as taught when I chronicled "the 7 sequential stages" in sec. (8) again, weeks ago, and in my booklets, the initial upside price expectation/targets, for, example, the Oil Svc. stocks, is, generally, that stock's "bounce high" in late Oct./early Nov., and/or, when/if applicable, their still-falling, 200 DMA, yes ? When/if they get up there, we will re-evaluate their chart patterns, at that time....

If you are a "NEWER" Subscriber, please take the time to read ALL of the "wordy" parts of the NL, once or twice, anyway... If you are an "OLDER" Subscriber, of course, feel free to SKIP, to those NL sections you wish to glean your info. from. (Save all my CUMULATIVE letters, for future reference/educational learning/help)

Notice, how, except for the fact that so many of our long-side stocks are rising, sec. 4), I have shortened this section, and the NL, when I can....please refer back to the last NL to "see" what I have removed....by now, I am assuming you know my/the concept, rules, "abbreviations", terms, etc. You should know the 3 (three) types of stocks herein, and, how to read, and employ, the stocks in sections 3, 6, and 7, to your best benefit....

*** If you are pressed for time, read section (2) to develop a "feel" for our Sentiment patterns--- and Section (3) always, while viewing the CHARTS....So much valuable info. in one place. Also, Obviously, when "more, or fewer" longs, or puts, are given herein, that also tells us more about "the internals, and likely future direction of the market", yes ? And, please, neither expect ME to stay "super hot" nor "super cold" forever.

I assume you have read the "Significant Disclaimers" paragraph, under my main webpage logo...I cannot infer my future performance will always match my excellent , real, past track records, as each person will, obviously, have differing experiences with my output, and/or do/not do various things, properly/improperly, etc. Thanks for understanding. It is also assumed that you actually "VIEW" 1-and-2-year past Charts of stocks, with their 200 DMA's, BEFORE you "do" anything for real, and that you are aware of their recent highs/lows, for stops price levels, and past/future resistance/support. I am also assuming you have learned to eliminate the potentially hindering emotional "stuff" from the decision-making/ stock-choosing side of your brain....

1) "PSYCLE SENSE sm":
New Commentary: Although you know we NEVER try to "predict Indexes/averages/the market", here are my most Current "Market" Comments:

**** As predicted, I am finding more depressed future-buyables, among our favored Industry Groups, and how many NASDAQ stocks are forming left-sides-of- potential-upside-down-EVT-hook-saucers....The "PSYCLE sm" message, is that I recall similar cross-currents, this time of year, the last 3 Decembers....We did real well after each of those periods, as we are now, as you can see. So, there have got to be more tops coming soon, and, except for the 'depresseds", this is NOT the beginning of further huge rises, in such already-extended stocks ! The most unexpected thing to occur soon, would be a correction among extendeds....

Please appreciate, how much time/effort I put in, to put ALL applicable, staged, stocks, longs and puts, which fit learnable, and actionable, "PSYCLE sm" patterns, into each NL.... Sometimes fewer, sometimes more....Whatever I find that best fits "PSYCLE sm" stages, which YOU can learn/take advantage of, for YOUR trading/educational benefit, I will put into each NL....again, the "Most Actionables, Now/Here", are in Section (3). And note, the "learning/feeling/sentiment" items, are in section (2) and (8). Longer lists and I.G.'s, are in section (6) and (7)....and all follow-ups, are in sections (4) and (5).

2) "What's Been Said, and What I've Read":

a) Important Industry Group (Rotation) Notes: 1) note strength in our Steels, and Oil Services, joining "Y2K's", each which I was first/only to give herein for you....NO ONE else on the street liked thess I.G.'s when we saw the bottoms form, technically....For the Oil Sevices, it was like shooting fish in a barrel....look at those chart-bottom-formations....last, regarding O.S., they are being "noticed" now, dig ? so, therefore, too late to "begin to buy" them, stage 2, yes ? ditto, Steels, which are already approaching their 200 DMA's.... 2) and, now, Trans., and Prec. Metals, and Health-relateds.... 4) splits beginning among Internets: AMZN, NSOL, EGRP, a good sign for very late stage 3.... 5) also note, adding more to a new I.G. for you, "Leisure/Entertainment", longside, in sec. (6) below.... 6) among our Puttables, note weakeness in our extended Financial, and Health-related, and Consumer stocks, even as other I.G.'s rise....decent action, considering....

b) 1) gotta let you know, 1/4, 10:45 am, cnbc's Joe Kernan announced on the air, that he finally bought his first computer....and that it was still in the box....more shocking proof that, as I have been saying for a while, many of the most exposed/ubiquitous reporters in the Finl. Media, are NOT the best sources of proper info....oh, and then he compunded his lack of knowledge, in a crass showing, making fun of people who make predictions, as if he's one to talk, dig ? ....2) but I do want to give some on CNBC their props, as, all day Monday 4th, they used the term "Europhoria" to explain the two-day pops in many european stocks....I hope they meant it as a temporary move, which it is....3) cnbc, Mon. 4th, 1:30 pm, an analyst actually said, "what is happening with Spyglass stock now, has nothing to do with any others in the Internet group, past, present, or future...." Wow....more likely "famous last words of warning", if I ever heard them, yes ? The chart of SPYG, is EXACTLY germain to the others, up ahead.... Heck, many Internet stocks have already had a similar drop, since early last Spring, as I mentioned.... 4) note the pops in our Airlines, which I also mentioned specifically herein, as the DJ Trans. Avg. held where it should have, after my predicted breakout above 3,000, and the Railroads are also looking OK ....recheck our, NSANY, TWA, NWAC, PCAR, MSX, TEN, BA, which I gave herein--- but I am not finding tons of others still near their lows, in this I.G.

c) more incorrect/improper/misleading Media comments from "fundamentalists/ companies/mags", etc., vs. illogical/contrary stock prices moves, etc.: 1) obviously, that analyst who had AMZN going to $ 400./133. gets shocking kudos.... 2) see ? the Nikkei. Index fell below 13,000 as predicted, and, the T-Bond fell a full point, AS big-name stocks rose....No "direct link"....also, as I predicted herein when I called a bottom in Japan Interest Rates, the Japan Govt. Bond contract itself, has fallen, since Nov., from 137 to 126, so far....3) well, the market value of MSFT stock alone, now exceeds, the total value, of both, the Australia, and Spain, stock markets, entirely....4) if I hear another reporter ask another analyst, "what do you think the Impeachment hearings will have on the market going forward ?"....gee, probably the same effect it has had, going back, i.e., very little, if any, dig ? God forbid they ask what I.G.'s are extended, still-depressed, or acting better/worse....Never happen....

d) more late, and/or misleading, Brokerage/NL writer/Analyst comments: 1) Biz. Wk., 12/28, a full page, listing 50 analysts' stock market forecasts for 1999: Again, their mid-range/avg. forecasts for 1999, assumes NOT much movement in the indexes for the year, which I would figure will turn out to be wrong....Those most bullish, had "Extended big-name Techs" as their favorite I.G., while the most bearish analysts had "Energy" or "Health Care" as their favorite long-side I.G.... This confirms my guess, as you know, that the Extended Techs are cruisin' for a bruisin' from up here, while our depressed stocks will pop, regardless....and, NONE of the 50 analysts listed, had any Index./Average breaking below 1998's low, during 1999....only 4, out of these 50 guys, had the S & P falling below 1,050.... And, L. Birinyi, E. Garzarelli, J. Battipaglia, all Wall St. Week favorites with less-than-cool actual L.T. track records, were the most bullish....while the several most bearish guys are lesser-knowns....draw your own conclusions....

2) the Trader's Tribune NL, actually said, Monday 4th, (quote) "1999 will be the best year, as long as you are not investing in small-crap (his pun meant small cap, get it ?) stocks....the small stuff is crap....stay away from them....don't be fooled that these stocks represent 'relative value', or that they are due to outperform....pure nonsense, and best ignored." This is a potential Bullish signal for our depresseds, yes ? Then, he said, "you want to own CSCO and AMZN, or any stock du jour that offers real solid fundamentals as premier stars." Another nice potential Bearish signal for our Extended stocks, yes ? Gosh, if he did any research, of course, he'd find great trades off depressed lows, among tax-selling ideas at least, and great drops off high-RS tops, historically....but you already know that....I'm just figuring that this guy, with NO great L.T. track record, represents what "the 95 %" are thinking here, which will hopefully provide US with nice trades, long and short....We want many people like him to buy near tops, and sell or ignore bottoms, so we can go opposite them.... 3) how many times have I presented this one before: Wed., cnbc, 1:15 pm, a super-bull, has continued to love "bonds" all along, even from their highs, because, as he said, "the economy is going to slow, forcing down Interest Rates"....hmmmm....but, if those two items alone can be "directly linked" (and we know they canNOT, right ?), then, how could I.R.'s have also FALLEN, while the "economy" was super "fast" in recent past years ? get it ? His "reason" (re-read my "scenarios" booklet) is contradictory/illogical, yes ? Another, in a long line of reasons, why we'd rather NOT listen to, nor follow directly, "economists/analysts" output, much.

4) the ubiquitous ewxposed-because-she-is-female, Goldman Sachs Abbey Cohen, did, Thu., say, she is tempering her "constant bullishness since DJIA 9,300 from last Spring"....5) cnbc, Thu. 7th, 8:30 am, Bob Pisani. highlighted the "computer disc-drive/storage/memory" stocks, as being real strong, hitting new highs, saying "all the analysts love them now, and their fundamentals look very, very good now" ....Gee, seems I remember, last year, when those same overpaid people all hated these companies, saying that "demand wad going to disappear, due to the Asian uncertainties", etc. Dig ? Of course, I gave you RDRT, KMAG, SGAT, and WDC, near their lows, back then....'nuff said....the pattern NEVER changes.

As you have seen the last several months, how much better one does, just "doing" the best individual stocks, and Ind. Groups, technically/sentiment-wise, mostly long-side, while ignoring, or going contrary to, 95 % of all Media messages, and "indexes/averages" comments, from the peanut gallery ? By just getting my output, alone, you do much better, and save time, by not having to even try to "seek, and process" tons of other, useless fundamental info., anyway....and we also help remove potential emotional problems before they begin.

3) Most recent Hypothetical "PSYCLE sm" transactions, to be mimicked, and referred back to:
 Always remember to view "1-year-at-least past" charts of everything you can view, herein, along with their 200 day moving averages (DMA's), to "see/learn" the "PSYCLE patterns", and see where/when stocks in section (3) were Hypothetically bought near lows, and put near highs....note: (Q = quick; i.e, was less than 2-3 months holding period ....VQ = very quick; i.e., was less than 3-4 weeks holding period)....and "VVQ" means held even shorter-term than that....
Also re-read "the Guide" for how I derive the estimated % percentage Gains I show herein, on assumed Hypothetically closed-out trades (always assumed to have been in Options, where applicable/ suitable, and on margin where available/suitable/logical, and on a cash basis where not, as per "PSYCLE sm" tenets)....and "bal." in section (3), means, "the balance" of assumed long positions, assuming a "1/2 and 1/2" sale....and, "css" means "covered previous short sale", where no puts options existed....

* Previously assumed Long positions most recently SOLD (showing the actual price changes, in parentheses, from the price where/when originally recommended herein, to the price where very rently Hypothetically "sold"):
1/2 pos. stock TKOCF (1. to 3-) for Q 175% Gain....puts XCIT (54+ to 42+) for Q 100% Gain....1/2 pos. calls NX (17+ to 23+) for Q 100% Gain....stock ACLY (3- to 6++) for VQ 111% Gain....1/2 pos. stk.on.mgn. WND (5 to 8) for Q 100 % G....bal. puts BYND (28+ to 22+) for VVQ 75% G....1/2 pos. calls TGX (13+ to 17+) for 100% G....bal. calls MLHR (20+ to 27-) for 150% G....1/2 pos. calls TEN (31+ to 36+) for VQ 75% G (approached its 200 DMA)....bal. puts LCOS (64 to 58) for small % G....puts INKT (150+ to 125 to 141) for VQ small % G....
and puts, GM (74 to 68 to 74), ARMHY, SEPR, HLYW, PLCM, SNPS, CMVT, AMAT, SFXE, MXIM, NVLS, VRTY, SNPS, SEIC, GTSG, EFBI., PMCS, RMBS, PLXS, XIRC, UFS, DLX, UTX, SYY, FAM, HAE, TXN, bal. MSPG, and, long, OO., for VQ, very small losses.... there have been too many puts Q, S, losses in the recent past, but, as I said, this is of small consequence in the bigger picture overall, especially this time of year....and I am still giving out many more, other, large % Gains....note, some Puts QSL's were the very next day....just being honest for you....Remember, occasional 10-20 % portfolio drawdowns are NORMAL and accepted, L.T., without losing our agressiveness or positive thought or action, in the "next" set of ideas that present themselves....NO emotion....

NOTE: while all the $ under 10. stocks are listed here as "stocks on margin" ("stk.on.mgn."), if one Had bought L.T., in-the-money calls options, their % Gains would have been multiplied, higher, right ? We just prefer not to buy Calls on most stocks under $ 10., unless their patterns are phenomenal, as their options premiums tend to be too high, vs. just buying those stocks on Margin, with close stops, where suitable, instead, with less risk, and similar reward potential--- stocks themselves have no "premium", right ? and, of course, if one just bought longs for cash, and not on margin, the % Gains would be relatively smaller, though still excellent, for so short a time period, yes ?

* Newly/Additionally BOUGHT/Buyables, right near these prices only:
(either for Cash, especially in Pensions, and/or on Margin where suitable, and/or Only L.T., in-the-money Options, where suitable/ available, always Diversifying, always with close Stops below/above recent lows/highs): (note: If you are New to this NL, here are the most recent "Buyables/Puttables", long/short) (note: a " - " after a price, means "just under" that price....and, a " + " means "just over" that price....i.e., 16+ means, 16 to 16 3/8, and, 56-, means, 55 5/8 to 56, etc.)....again, the idea is to "just get real close" to my listed prices here, when buying long/selling/putting issues given....try NOT to worry about every 1/8 or 1/16....


**** Newly BOUGHT Long-side, for potential Rises: (note, some more/new/revisited stocks here, and most are still pretty low-priceds, read thoroughly, some new "repeats" and "revisited" "new" ones again, here): each alphabetically by symbol: again, "just get real close" to suggested prices:
(new ones) ATC @ 7/8, 1/2 pos. CBMI. @ 3, FHCC @ 14+, GHM @ 7 5/8, GKI. @ 3 1/8, GLBL @ 6, GYMB @ 5 13/16, IMH @ 4 1/8, NHC @ 14++, SAA @ 0.81, TSA @ 4 7/8,

(repeats) (note, some re-added repeats) AAC @ 3 1/2, AMLN @ 0.44, BCP @ 5+, BDS @ 2 15/16, BGO @ 3/4, BLM @ 2.06, CAU @ 0.31, CCH @ 3/16, CPU @ 12+, CXI. @ 5/16, ECO @ 1 3/4, ELY @ 10+, GLDR @ 1-, GLT @ 11++, GSR @ 1, IAIC @ 1 1/4, ISSI. @ 3-, KRY @ 0.44, MATK @ 7++, MHR @ 2 7/8, NGX @ 7/16, PLC @ 3 13/16, RTC @ 4 1/2, SAMC @ 5 5/8, SSC @ 11/16, TOX @ 3/16, TRMB @ 7+, TRP @ 14+, UBIX @ 5++, UMR @ 11/16, VGZ @ 3/16, VTO @ 4 3/8, WTT @ 1 9/16....most are still EVB's...."buy low", right ? Note, we are revisiting some "previously given/traded" issues, and a few whipsaws, back in....and, more importantly, that, now, AFTER recent rises, most "new buys" are real cheapies, and/or "laggards" with less "sexiness", and/or for "catch up" moves....also see the "just missed" issues, below....

also, note, some new/repeat long buys, are in stage 2, having pulled back after previous upside breakouts from earlier bases, dig ? still plenty to choose from, to build a portfolio, long-side....

NOTE: as I teach in the "green Guide" Booklet, you should already understand, that, very often, there is NOT "just one day" when my ideas become "long buys" or "long puts"....some stocks may hit around originally suggested prices, 2, 3, 4 times, etc., sometimes over a period of weeks, as they may form EVB's, double-bottoms and/or bases at times, right ? When/if they rise/ fall in between those times, I will follow-up those moves, in section (4) and (5) anyway....this is a Positive, a Benefit, for you....remember, I have subscribers who ARE already in stocks which have already moved before YOU noticed them herein, dig ? And there ARE many subscribers who ARE viewing MANY of the charts of the stocks herein, first....and there ARE many subscribers who DO want "longer, more thorough, teaching" NL's/items from me....

*** remember, all my given stocks REMAIN buyable/puttable, every time they hit originally suggested prices, unless/until they break their patterns....even if weeks pass by !!! This is covered in "the Guide" and herein, endless times.... "just get close", and do everything else properly: the stops, VIEWING the charts BEFORE acting, NOT forcing trades, and, of course, LEARNING the stages/patterns of price, ind. group, and sentiment/media patterns.

** Important: took, DAY, --- Off pot. Long buys list, before they might have been Hypothetically "bt." (as most all made quick, new lows....and/or, they need more work, technically....also recall the last few lists of stocks removed before "bt." here). Note, I try to give "something for every type of investing/trading desire/account/objective", including some real cheapies, some $ 5-10. stocks,some over $ 20. stocks, and some "names" blue chips--- either, for straight Cash, and/or on Margin, and/or L.T., in-the-money Options, etc., so that all my valued subscribers have Choices, and for proper Diversification --- all still having similar, exploitable patterns, in each NL.

**** Newly BOUGHT, long "PUTS", for potential Drops: alphabetical by symbol: (note, more new ones) AXNT @ 31+, BCST @ 102, BSYS @ 53+, MOB @ 90+, NEON @ 45-, NTLI. @ 57, VRSN @ 77, and, we are scutinizing LCOS, EBAY, ELNK, as pot. puts again....they may form V.S.T. DT's....we shall see....

(and more repeats) AFS @ 44+, BGEN @ 84+, CBL @ 26-, CMA @ 68+, CSC @ 69, FDX @ 89+, GPSI. @ 49+, HIG @ 56+, IDXX @ 28, INHL @ 34, MMC @ 59+, PE @ 42-, RATL @ 27-, SGP @ 57+, UST @ 35-, WABC @ 37+....notice, as they jockey/bounce, we are getting mutliple chances to buy "repeats" put issues....and/but, remember, I/we have NO "market scenario", ever, as you know....and, note, there have been too many minor breakouts, so I had to take real small, quick Puts losses, and NOT fight the tape, in those stocks.... But that does not mean I am not finding more/new ones, in our Puttable Ind. groups, still showing the "EVT" or umbrella or double-top patterns.

and/but, Took, ZILA, EAII., NLCS, EXDS, COMS, FRO, INTC, ALD, DS, Off pot. Puts list, before "put", as they aborted their patterns immediately (also see recent past issues taken off, here). IMPORTANT: sometimes, in the few hours after I send this NL to the web site, a stock might break its S.T. umbrella top, or its depressed EVB/base pattern....So I am assuming, you actually View their recent charts, BEFORE you consider buying any Longs or Puts, and you will see/know that the pattern is still O.K., and therefore buy/not buy them....this takes just seconds each to check/do, and will keep you from buying Puts/Calls on issues which abort budding patterns quickly after publication of my NL's.

....and/but, among stocks recently given you herein, in sections (6) and (7) below, we "just Missed", CLCDF, PSFT, GNSA, RXSD, PCAR, CEXP, STRX, BLUD, AMMB, CMIC, TKR, UWW, CYB, HDG, CFB, BJS, OLS, LSN, YFM, HOT, SOC, PKD, SSN, SCS, NOX, PIN, NIL, RIG, AOI., IMG, IMH, SIR, BA, OH, as Longs near very recent lows, and, CACS, RESM, CXR, SAI., FRO, as Puts, near recent highs....as one of the few honest guys in this biz, I will always tell you here, also when we "miss" actually catching suggested ideas, so you can "view/see" and LEARN their charts/patterns, for your educational benefit. By viewing such charts, also tells us, whether the market itself is providing more bottoms/tops, at that time, right ? Another reason why it is important to consider ALL my output, each NL....Again, the idea is to learn the "Patterns" of previously "given/done" ideas, for YOUR future benefit.


All previously mentioned ideas are Followed-up here below, for your Educational/Trading benefit ....check these lists/issues briefly, to see if any YOU own, are mentioned....

4) Already given out in previous NL's, assumed Hypothetical "Long-side" positions:(issues moving since last time, worthy of following-up, and/or mentioning, because of recent price moves, and still remaining long in most of them, unless otherwise noted):

(* too late to buy up here, up already, and/but acting O.K., so stay in these for now):

**** note: ("sos") means "Sell On Strength" (on a bounce up towards resistance, and/or where it broke down from)....("S") means Sell it here (if right at/near listed price level)

still giving you plenty of nice risers (note, these have always been listed, in order, from the biggest % moves, to the smallest important most recent % price moves): Read this list Carefully, slowly, thoroughly, as we continue hot...wow: WKGP 2 7/8 up 1 1/8, PCMS 5 1/4 up 2 1/4, SAMC 8 1/8 up 2 3/4, ATC 1 1/4 up 1/2, MMG 7 3/4 up 2 1/4, ATX/A 7 3/4 up 2, LTV 8 up 2 1/8, LXR 1 3/4 up 3/8, AAC 4 1/8 up 7/8, IPIC 4 1/2 up 1 1/2, PLC 5 up 1 1/8, RON 30 3/4 up 6 3/8, GCO 5 7/8 up 1 1/8, CMO 4 3/4 up 1, MPS 17 up 3 3/4, BS 10 1/2 up 2 1/4, CS 11 up 2 1/4, SWW 3 5/8 up 7/8, ISSI. 4 up 1 1/8, REV 19 5/8 up 3 3/4, WJ 24 1/2 up 4 1/4, NWAC 29 1/4 up 5 5/8, CPU 14 7/8 up 3, GKI. 3 1/2 up 1/2, NS 10 up 2, PAIR 9 3/4 up 1 5/8, BIR 5 1/8 up 1 1/8, UC 3 7/8 up 1/2, IMH 4 7/8 up 1, BMG 4 1/2 up 1/2, TLZ 4 13/16 up 9/16, TWA 5 5/8 up 1, GLBL 7 1/4 up 1 3/8, UBIX 6 5/8 up 1 1/8, VTA 7 1/2 up 1 1/4, UTI. 8 1/2 up 1 7/8, GHM 9 3/8 up 1 7/8,

(cont'd.) PHYC 7 7/8 up 1 1/8, PDE 8 1/2 up 1 1/4, CTI. 8 5/8 up 1 1/8, NS 8 1/4 up 1 1/8, VRC 10 up 2 1/2, APFC 8 1/8 up 7/8, TSA 5 3/8 up 5/8, FTL 17 7/8 up 2 7/8, ATW 22 up 3 5/8, GLM 10 1/2 up 1 1/4, HAL 34 3/4 up 4 5/8, RDC 11 1/2 up 1 1/2, SDC 16 1/4 up 1, CDE 5 1/2 up 3/4, NOI. 12 1/4 up 1 3/8, DO 27 up 3 1/4, RTC 5 up 1/2, IT 23 3/8 up 1 3/4, BAANF 13 1/4 up 1 1/2, PRD 22 up 2, WFT 23 up 2 3/8, FGI. 13 1/2 up 1, TWLB 15 1/4 up 1, NBR 16 1/8 up 1 1/8, MT 16 3/8 up 7/8, SOL 18 3/4 up 1 1/2, NHC 15 1/2 up 1, VTS 16 1/8 up 1 5/8, ELY 10 3/4 up 3/4, HP 20 3/8 up 1 3/8, OMPT 11 7/8 up 1, IDTC 15 7/8 up 1 1/4, SDC 16 1/4 up 1, TEN 36 3/8 up 1 3/4 (S),

(cont'd.) ACLY 7 3/8 (S), TKOCF 3 1/8 (S), INPR 5 7/8, CYM 10 3/4, PAH 6 3/4, CTI. 8 3/4, FNL 6 3/8, PDS 12 3/4, AIN 20 1/4, BTC 13 5/8, NX 23 3/4 (sos), MLHR 27 (S), CMND 3 7/8, LPX 19, UPR 9 7/8, FHS 12 5/8, ESV 12-, BTC 13 3/4, LSS 11 1/4, TOY 17 3/4, PAM 4 1/2, SEW 4 5/8, TFT 7 3/4, BMG 4 5/8, BUNZ 11, GLM 10-, MWY 11+, ROP 21-, PGO 16 1/4, PPP 14+, ULB 2 3/8, AXC 1 1/8, LFB 12-, HMY 7, all up/further, since last time here....

Quite a list of recent winners, yes ? Every single one was spcifically suggested near their lows, in previous/recent NL's....You may want to take this opportunity to VIEW charts of some of the above stocks, to "see" the bottom patterns again, for next time (and for the rest of your life)....how else are you going to learn so much so quickly ? Remember, I will reward YOU, for multiple, paid referrals, with my thanks....spread the word....

also note, how the "ms" and "sos" paragraphs below have shortened, as many bounces have alleviated those conditions, technically, for many stocks, dig ? and, IFMX 12 1/2, HOC 17 1/4, BTGC 7 1/2, higher still, and/or revalidated....

note: please try to appreciate, that I have some subscribers who want "real quick and out" trades, and others, who want the "multi-month holds for bigger potential gains" trades....by VIEWING the "higher still" list above, you will hopefully learn better PERSPECTIVE in the overall chart patterns, and what can really be accomplished at times, if one lets them....another, of many reaons why we are so against "day-trading": why anyone would limit one's potential, and increase one's stress, on purpose, is beyond illogic.

and/but, then, seeing many pullbacks, MGN 3 3/8 up 1/2, TRMB 7 7/8 up 3/4, PAR 8 3/4 up 1, GLT 12 5/8 up 1 1/8, COE 5 3/8 up 1/2, MCL 12 1/4, CSE -2, ATX/A, MATK, ELCO, PMK, PCTL, TXB, LWN, ESOL, LXR, SFSK, RMDY, NPSI., HCM, LYO, SEW, PPP, HPH, JBAK, HMY, HBI., ADM, WEL, SRR, CCC, TEN, MPN, TRMB, SUL, VTO, NGX, SSC, MCN, CCH, UPX, FP, AG, IT, pb (pulling back)....some of these are also in "ms" list below.

New Note: many basing stocks are hitting, and pulling back S.T., from their "intrabase highs" hit late Nov., as I said above....some , if calls options, can be taken as quick % Gains, if one wishes, while others will likely arise anew after S.T. pb's....just FYI, and learning....again, a lot of this is based on YOUR situational needs. Some people want to take the quick-hit, others want a longer, possibly larger trade.

again, please do not be afraid of buying the "Real Depressed Stocks", even in pension accounts, always diversifying, with close stops.... Again, you Must buy at least a FEW, to increase your chances of being in the bigger movers....Lesson: there is NO such thing as "but, Jim, which 1 or 2 are your favorites ?" It is impossible, and illogical, to expect anyone to be able to choose just 1 or 2, out of 2,500 issues....maybe 5 to 10, long-siders, and also 5 to 10, put-siders, sometimes, but never just 1 or 2....One must also eliminate one's "PSY-chological need for excitement", and/or of "instant/S.T. gratification"

* and/but, these already assumed Longs, are acting weaker S.T., and/or must strengthen,
and/or must strengthen "again/anew", and/or must "break above recent high or else", and/or are sales on strength ("sos") to/towards/near resistance:
(some of these are also in "pb" list above) very rare gap in JDAS 10, 7, 8 (sos), AMLN 3/4 up 3/8, PDE 7 7/8 up 5/8, IMO 17 3/8 up 1 3/8, DBRSY 13 3/8, GYMB 6 1/4, MPN 4 1/4, FLM 11-, BCP 6, CEI., FCH, HBI., WORK, SIF, JBAK, KRY, MWY, TRMB, WKGP, HMY, MHR, BDS, MCL, CXI., LDW, GLT, AXC, SSC, MCN, TMA, ADM, TOX, NGX, AZC, CAU, WS, BS, cheap Golds, Energy.

5) Already given out in previous NL's, assumed Hypothetically long "Puts" positions:
(issues moving since last time, worthy of following-up, still remaining long in these long Puts, unless otherwise noted):

* too late to buy puts on these now, but acting properly, stick around:
 Puttables specifically given you herein, many which are Falling/further, read list carefully today: BCST -6, GPSI. -6, VRSN -5 1/2, BSYS -6, LLL -5, BGEN -5 1/2, LLY -4, NEON -2 3/4, CMVT -2 1/2, FDX -2 1/2, +3, -3, INHL -2 3/4, AXNT -2, BOBE -2, NTLI. -2, CMA -2, CSC -2, AOL -2, SGP -2, CL -2, FDX -1 1/2, ABT -1 3/4, NEON -1 3/8, WABC -1 1/2, MOB -1 1/4, BMET -1, COMS -1, NMGC -1 3/8, CMA -1, MMC -1 1/2, PE -1, CBL, down/further, just since last time here....again, many Internet stocks broke out and were removed....and also see 'bouncers' below....

* Note, how I, again, am giving you some Puttable stocks which are Falling, as most of "the market", and especially high-priced, name, quality-type stocks, rise, again....that I am among the very few, giving out ANY profitable puts, since early Sept. (and tons more, from March, and from July through Oct.) should be enough, yes ?

Note: these have always been listed, by "number of points falling", from most, to least...."(sow)" means, "Sell long puts On next Weakness, towards/near support"...."(S)" means sell/sold their long Puts right near here, and/or as in section (3) above....I follow-up every idea mentioned, for your benefit.... remember, these are NOT "overnite" trades, they take a little time to fulfill, so please have some patience, and no emotion, nor antsiness....let them do their thing....**** IMPORTANT, you MUST view the 200 DMA's of our Puttables, past and present, for their potential support targets/areas/prices....


* but, then, these, are acting too Strong, and/or are Bouncing, and/or must weaken anew, and/or are sales on pullbacks/weakness (sow): CSC +2, AOL +3, AXNT +1 1/2, -2, BVSN -2, IDXX, BFO, RATL, INHL -1, AFS -1, RCGI., AFS, FTU, VL, CG....See, many stocks, and Internets, must still "follow-through", and break below recent lows, to warrant holding their Puts or shorts....


Remember, we either buy our Puts right up near each stock's high, or not at all....but you can still view their charts, to "see" previously formed/worked/aborted "PSYCLE sm" patterns, to hopefully Learn from.

6) Now--- Here are Other, still-Depressed, Long Buys, near their recent Lows Only, for potential Rises towards resistance, always Diversified (w/close stops, when/if their basing or "EVB" patterns break down):
Be patient here, and do not "force" trades, or overtrade, just because, PSY-chologically, you "want" to have "something" to buy long....do NOT be "antsy", relax....let the patterns come to YOU....also, there may seem to be "a lot" of stocks to review here, especially in the next two sections here....but that says how cheap many stocks have been at times, right ? Of course, near the highs in March, and July, this list was much smaller, yes ? It is logical and expected, after the recent mini-crash, That there have been/are more "EVB's", yes ? Also, remember, we do NOT "chase up"....only buy the ones You prefer to choose, which are still near their lows, with stops for protection.
"Potential Longs, by Industry Groups, for Rotation":some decent bases here, and many decent EVB's and double-or-triple- bottoms, (but, again, Not when/if any of these make new lows here, and, NOT if they are already "up", much, off lows, right ?):
NOTE: when there are more stocks listed in an I.G. here, that tells you I feel more strongly about that I.G., right ? Which, in turn, tells you a lot about how "the market" looks, sometimes....

new potential Industry group: "Leisure/Entertainment": besides, ELY, MWY, PAR, PIN, PRD, TOY, found several other real cheapies in the Mansfield charts, which I hope to share with you here soon.

Semis/Comp./Techs: please see "Techs", listed, in the "watching" section, just below.
(Y2K) "Year 2000": (add, SAA, to, UBIX, CMND, IAIC, MIFGY, ACLY, but Only near recent lows)
Prec.Metals (add, CBJ, to, BMG, CDE, DBRSY, GSR, TVX, GLDR, CCH, VGZ, CAU, ECO, BGO, AR, some real cheapies, riskier)
"Basic Inds." (Chem., Farm, Steel, Paper, Copper, Glass) (HPC, CLF, BIR, CCH, LFB, RTC, MAH, CYM, CCC, TEN, CSE, FNL, BS, TFT, LTV, GGC, AG, LPX, VTO)
Energy/and Oil Svc. (add, GLBL, SFY, to, UTI., UMR, PDS, TRP, LYO, NBR, WFT, UPR, HP, TDW, NE, NOI., GLM, MHR, RDC, WEL, PDE, ESV, TRMB, FGI., VRC, near their recent lows, only)
Biotech/Health/Medical (add, FHCC, CBMI., NHC, to, TWLB, SOL, FHS, MATK, NOV, PHYC, GNSA, SHG, LXR, TOX, ULB, CCLR, IPIC, TOX, MPN, IHS, MT, VTA, TXB, VC)
Consumer/Retail/Apparel/Shoes (add, TSA, to, RXSD, GYMB, REV, NBTY, SRR, COO, PVH, PBY, SRR, HMY, KFI., MSN, OO, UNO, BLM, GCO, HBI.)
Hotel/Gaming/REIT (ILX, PAM, LOD, HET, SER)
Employment (NRL, OLS, JOB, MPS, RMDY, ESOL, UWW)
And, as I pointed out earlier here, some depressed R.E.I.T./Financials/ Mtg.-type/R.E., stocks, many with huge Insider Buying a while ago, some with very high "potential" dividends, may shape up ahead....watching, in no particular order, HOT, LSN, KE, JAMS, BED, BD, LOD, PRT, SMT, OH, WDN, RTC, ACH, ARI., FHS, AMMB, NHR, BRE, PAH, AAC, ALF, AML, AMMB, BNP, BOY, BRI., CPP, CMO, CRO, ENN, FBG, NDE, KPA, JPR, MAA, PMC, RFS, SIR, SPF, TMA, IMH, FP, MT, UC, if you need some maybe's, on pullbacks only)
NOTE: Tax-selling bounces beckon, many occuring already, yes ?

And, as I have been saying here, even though I have given you a ton of quick 50-100% gains, since Sep./Oct., do NOT expect as large rises off bottoms, as when I gave out similar "EVB" Techs, in the late '97/early '98 period (nor, from the late '95 to early '96 period....I was first/only to do so near their lows at those times as well), because there are NOT many "true bases" here--- just some with good EVB's....we accept occasional Q, small losses in some longs, w/close stops, along the way, to get to the Bigger Winners....Also note that many already popped stocks pulled back, after their recent/initial "dead-cat bounces". This is normal, and welcome. Hey, many formed better bases, double-bottoms, etc., right ?

and/but, Important: also, took these Off the pot. long Buy list, Before they might have been Hypothetically "bt.": DAY, --- were taken Off....These/they just need more work, technically, first, and/or are still making new lows....we do NOT "Guess" at bottoms....we want only the EVB's, which set up properly....we MUST also see the cathartic/high volume, in "PSYCLE sm" stage 7", first.

* The stocks on this next list, are also, still, Current, or, Potential, "EVB's" ("exhaustion V bottoms"), read that Booklet !):
Remembering ONLY to buy near their recent Lows (do not "pay up" much off lows), as "EVB's", diversified, w/close stops....these, plus the stocks listed above, and the "Newly Boughts" in Section (3) above, comprise the "total" complete long-side buyable lists in today's market.

We are Also "Watching" --- as potential EVB's/bottoms, near recent lows ONLY: add, ACE, ATC, BDR, CBMI., COB, HDG, IO., OIL, SHMN, to, those listed in section (3), and those just above here, plus, (alphabetically by symbol) ALN, ALR, AOI., ARG, ATV, AXC, BEZ, BGO, BTC, CBJ, CEXP, CFB, CFS, CIEN, CPU, CXI., CYB, DRQ, EAR, ELCO, FLM, GDC, GHM, GKI., GSB, HCM, HMY, HPH, IDTC, IGL, ILX, IMG, IMP, INPR, IOX, ISSI., IT, KNE, LSN, LSS, LWN, MANU, MKA, MSX, NDE, NEM, NETM, NOX, P., PCTL, PIR, PKD, REV, SAA, SCS, SEW, SIF, SOC, SSN, STRX, SUPX, SWW, TFN, TIE, TLZ, TMO, TSA, TWA, UQM, WKGP, VTO, WTT, still, most all as "EVB's" (again, note, most are "Techs", with some "Finls., Foreign, Health"), plus, the Value Line issues: NSANY, DEMP, GNSA, OFIS, BUNZ, SEW, TSA, MGN)....some here, some Not just yet, as some still need more work, technically....and/but most, only on pullbacks towards lows....and/but, not any of these, when/if they make new lows or break budding bases/patterns....don't "force" trades....also, many Railraods and Trucking stocks looked o.k.

**** The potential Longs above are chosen, First, by their EVB, or "base" technical chart patterns, then, I do do a "little Fundamentals research" on each, to make sure they are viable companies, with no "hidden time bombs"....Last, on some of these, you are going to have to stretch your time-frame out a bit, this time around, as some of these may, like after the last few mini-crashes, take weeks instead of days, months instead of weeks, to form any bases/EVB's, and/or rise, dig ?

7) other, still extended/potentially Toppy, "Puttables", near recent Highs Only, for potential Price Drops, using, Only, L.T., in-the-money Puts Only, Always Diversified, w/stops if patterns abort to the upside, for potential drops towards their 200 DMA's, or lower (NOTE: again, if they are already down appreciably from their highs, do NOT chase them down, right ?):

(re-read my "Downside/Puts" booklet) now, I add some more Puttables, again, after/into recent bounces:

Fuller, Potential Puts list, by Industry groups where practical, near their highs ONLY, do NOT "chase down":

note: this list supercedes all previous ones....these are the ONLY Puttables here, all others have been removed....note SMALLER list !!!
(banks/insur.) add WABC, AFS, COF, to, HIG, CMA,
(comp./techs/s'ware) BSYS, NMGC, GPSI., MANH, INSS,
(telecom/commun.) CDRD, LLL, COMS, OTEXF,
(medical/health/drug) add, BMET, to, INHL, LLY, SGP, BGEN, ABT, IDXX,
(internet) add, NSOL, to, INKT, ELNK, EBAY, BCST, AOL,
also watching: added, GNSSF, LCOS, MOB, CFR, to, AMTD, CI., CL, CXR, DCLK, FDX, LSON, MAS, MKL, MRX, NAB, NEON, NTAP, NTLI., SSP, TER, VRSN,

the Best Puttable Industry Groups: still, added some Homebuilding, to, Extended Banks, Health/Medical/Drugs/Biotech, Insurance, Finance, Computer, Retail, Internet, Aero./Def., Food/Bev., High-PE techs, all Tele.-Commun., in no particular order, as the most probable Puttables, near their recent Highs ONLY, w/close stops above their patterns....also, note how we are revisiting some of our past Puttable stocks....

additional note: there are also a plethora of big-name/biggest recent gainers, possibly forming V.S.T. "EVT" tops here, and are certainly now due for corrections....too many to list here....but you get my drift....

8) "PSYCLE sm" Lesson for today:
Besides all the previous Lessons you have hopefully gleaned from all my past materials, NL's, ideas, and my (7) educational Booklets, I promised I would re-run "the seven sequential stages of my "PSYCLE sm"", and, from 12/7 NL, through the 12/28 NL, I did so.....refer back to those sec. (8)'s any time.....hope they helped....but NO special "lesson" today, except to re-read recent explanations of stages 1-7....take that time to VIEW charts from section (3) and (6)....

NEW NOTE: just a quick reminder, that, as per the green "Guide", a stock herein may certainly be found, in 1, 2, 3, even 4, different sections of my NL at any given time....this is logical, and helpful for you....example: it may be in sec. (3) as a new buy at a certain price area, and, in sec. (4) if it has risen decently from the bought level, as I follow-up its movements for your benefit, and, still in sec. (6) as a buy when/if it pulls back to its original suggested buy level....This is a GOOD thing for you, NOT a bad/confusing thing....A stock might have risen, from, say, 6 (sec. 3) , to 7 1/4 (sec. 4 follow-up), then is pulling back again (sec. 4, next paragraph), and, when/if it pulls back towards 6 asgain,. without breaking its original pattern, is remains a buy (sec. 6)....GOT THAT ? It is very simple, as I have said umpteen times: all suggested stocks remain actionable when/if they remain/return to original prices, in the future, provided their original chart pattern is still intact.....period.

Plus, as you have seen among "repeats" in sec. 3, often, a stock WILL return to its original actionable price levels, and some will end up "revalidating" after initial slight breaks of patterns, whcih is also of little consequence, since your transaction costs are so low, and you have eliminated all emotions from the process, you can always get back in, at those times, yes ? (plus, as I taught you, we give a bit more 'leeway' at the special year-end period, employing a bit less strict/tight stops, right ?)

Remember, the time length of the full trip from stage 1 through 7, can be one year, or ten years, or 100 years, depending on one's desired perspective....A stock can be in one stage S.T., and another stage L.T. Now, one cannot have "everything", that is, we try not to turn a S.T. position into a L.T. position, and we never even try for "potential 10-baggers over several years"....One must decide beforehand, whether one expects a S.T. trade or a L.T. investment....But at least knowing the normal, usual characteristics of each sequential stage, puts us way ahead of "the 95 %". I use 1-year and 2-year charts, period, because we seek 1-2-3-month patterns, holds, and moves, and NOT overnite, nor daily nor intraweek moves.

Remember, WE tend to ONLY trade long, from stage 1, into stage 2, with stops, and often miss potential stage 3 rises....and we try to Only get Puts at what we think might be a stage 4 top, with stops, and often miss stage 6 and 7 drops, but more on that later....The highest-reliability, reward/risk plays, are in stage 1 and 4, even with occasional stops triggered.
IMPORTANT: people keep trying to "formula-ize/computerize" my "PSYCLE sm" process, which, as I keep saying, is a fruitless waste of your valuable time...."just get close(r)", and do everything else correctly....The KEY is just plain learning the simple VISUAL chart patterns for each of the 7 sequential stages in my "logo chart" on my webpage and on the front of every Booklet, then adding the "sentiment" nuances of each stage.

As Repeated in Every NL:
As I keep reiterating, It is also still better most times, to, 1) buy "some" stage 1 "PSYCLE sm" stocks, in depressed or EVB chart patterns, when their "news seems so bad" but their patterns show EVB's (and have occasional, small, cut losses), than to never do that at all....Because, historically, and as you have seen herein, any small, cut losses, will be more than overcome by larger % Gains, over time, off those EVB lows, when one properly Diversifies....and, to, 2) TRY at least "some" "Puts/options" the opposite way, near their Highs only, when/where suitable, than to never do any Puts ever....always diversifying properly, with close stops....no emotion.

Remember, "PSYCLE sm" stocks tend to move much more INDEPENDENTLY of any/all "external" stuff, than "the 95 %" incorrectly believe....one does Not "need" "events" to happen, in order to exploit normal, probable stock price moves.... this is a Good thing....One Key is to have the strength to Buy, when there is a "scary story", provided the stock pattern is intact....Connectedly, realize, by nature, there is SUPPOSED to be no "sexiness" in stocks/groups, near their lows, in bases, nor EVB's....they only become "sexy", After they rise a bunch, right ? and, by then, it is/will be too late....One must buy into NON-sexiness, into NON-positiveness, into "fear", when the patterns are intact, right ? Also, buying PUTS options "the Psycle Way", can be viewed as just plain intelligent/ logical, and proper, as just "insurance" or "protection", as well as for direct profit at times, yes ? The March tops, and July tops, and drops, have proven that yet again.