SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend (ASND) descending?
ASND 233.86+2.3%1:37 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robin who wrote (2)4/25/1996 12:16:00 AM
From: morry low   of 313
 
Rules on options.

1. Never, never buy out of the money. Buy 5 points into the money.

2. Always buy when premium goes to discount, that is when normal pricing for time has been discounted because of lack of long call buyers. This happen only when the stock falls fast, about 3-5 points.

3. Most pros are net sellers. They don't care. They just want your money to re-invest, so keep to rule #1.

4. If you think your stock you own may fall, it is better to sell a call write against your stock rather than buy puts because of the large premium in puts.

5. Buying puts is a total waste of money. If you are so worried about your stock falling, then short the exact shares you own. It's called "shorting against the box." Just like the pros. It will not have a taxable event until you cover. Remember though, it takes time to find the stock. Just because you are long does not mean you have ready access to it. The stock you bought if your certs are being held by your broker, are probably already gone. They already short with someone else!

6. The best web site is the CBO and order their book. It the best.

7. Never short ASND, you are dead. There are 3 buyers for every short. Look whats happening with IOMG. There are 20 mil shorts and the stock is on a cover rampage. Up from 18 to 56?

8. Stay out of the OEX & S&P 500 pits, unless you have lots of money to lose. This play is only for the pros. I met this trader for a major bank once at a convention. This company made 900 mil that year on suckers buying puts and out of the money OEX calls.

AS for SERA no comment. Hold your ASND because it won't last to the end of the year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News