Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (62408)	4/21/2005 5:26:47 PM
From: shades	of 74559

Right you are, i know kl financial went broke shorting them at 160, I think chen recently said he was short - don't know when/if he closed out Message 21181209 - I was short from around 160 until they went over 185 - got stopped out Message 21181801 but lost about 1K which is a lot in my small scottrade account - then someone here told me to sell covered calls on GOOG for 330 in january next year and while I just don't see them getting there - most of the stuff I am hearing on the financial shows is that you sell calls for short term profit - like 1 month or a few months out - selling them 6 months or 1 year out is crazy because extending your time out that far really gives you a lot of risk. Thanks for the advice and protecting us.

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