Well.. essentially I am long SUNW I buy as I go, keeping a close eye... (I am not afraid to take profits from time to time).
And then... I sell cc. the premiums on this stock are handsome. I have been playing with options some, learning them as I go... so far, in the last 2 years the covered calls have been very kind to me. I am also getting into naked puts (not the kinky type), but only on the stocks I do not mind getting stuck with --I used to play with LUcy until premiums began to shrink... I left and never went back
What has happened to LU has taught me big lesson, and I consider myself LUcky (very) for being out of it all this year... I nibbled on it when it fell to $50, and quickly I understood there were more trouble ahead, so I got out.
Then when it was around $30 I looked at it again... I have learned to be a vulture and "just circle" for a while... well... say no more, saved again ! since it went to $20.
Scary stuff... The lesson ? I never say, "This company is too big to have a disaster" So... I am cautious. I am not afraid of taking risks, but when I do, my eyes are wide open and with the finger on the trigger to get out.
Since I am a suspicios-paranoic by birth, I do not follow anyone but myself --my shadow ? I keep an eye on it. Without question, my worst enemy ! |
