Tom,
I tend to agree on your assessment of the markets over the next couple of months. I see naz correcting 40% with some stocks getting hit harder. Currently, things still look strong. Still lots of $$'s on the sidelines looking for a place to go. However, it is inevitable and healthy for corrections to occur...the thing now, is when, and what to do. I know I will be buying lots of quality long stocks and calls and leaps when we are down, but I was curious as to your strategy with your current holdings, both stock and options. Will you be selling any Q, writing covered calls, simply standing pat and adding on the dips or what? Personally, I will not sell any Q.I may write some CC's, but will buy them back as I do not want to lose the stock.
Anyway, just curious as to your strategy....
Wen't and saw the movie "The Hurricane" last night. Enjoyed it very much. It is a very touching story...very sad yet happy and uplifting at the same time. Denzel did a great job portraying Reuben 'Hurricane' Carter. I enjoyed it so much, I am actually going to try and get in touch with Reuben and Artemis ( the other guy wrongly imprisoned for 20 years for being with carter on that fateful night in 1966)and will definately read the book he wrote in prison that ultimately led to the boy reading it and getting so inspired he worked to get Rueben free'd from prison.
Have a great weekend everybody |
