PSIX up 26.5%, Takeover(?) Message Board

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Technology Stocks : PSIX up 26.5%, Takeover(?)

PSIX 64.76

-1.5%

2:41 PM EST

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To: Daniel Fisher who wrote (880)	3/28/1997 9:23:00 AM
From: James F. Hopkins	of 5650

HI Dan: RE>an investment which will make you rich ? Too many of them and you go to the poor house..<G> I look for a healthy profit..and maybe an angle that the average person don't play. All my get rich ideas went no where..so I just paddle along. If I can avoid losing money on PSIX..I'll make some..( about 40% a year ).. It's seldom now I play a stock that don't have options..and I write calls if the premium is good enough. In this case I wrote calls on the stock I picked up and because I think 6.5 to 7 is her low I wrote puts on the amount I'm willing to pick up. If she stays just were she is I'll make a healty profit, If she goes up I'll make it a little faster. I do gamble some..shorting stocks but more and more I'm becoming convinced it's not worth the sleepless nights. <G> berkshirehathaway.com I may be all wet with this writing calls idea..but after looking ole berkshire over I asked my self how did he do so good, "and never sell a stock"..maybe that's the key..he didn't sell but let them take the stock..in fact I'm conviced he did not do it just on stock appreciation..he don't say so..but he had to be writing calls, and maybe puts too. Is there anything wrong with 40% a year ? It's almost a sin..but to want more than that a person surly must be greedy. <G> I'm still trying to find myself ( a style that will fit me ) my ideas have changed over the last several years..and I suppose they will in the future. What style of investing do you use. ? Jim

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