OT re: options
hey Susan,
couldn't resist saying something on the topic. a few years back i decided that, since i was right so often on my stocks that i would buy calls instead and really clean up with the leverage (same thought process you voiced). this was not with client $ of course- no i ventured into this with mine alone. anyway, had a couple of good profits to start with and then jumped in with both feet. EVERYONE warned me against options citing how nearly everyone loses money. of course, i am not 'everyone' and so i smugly rationalized that my abilities would translate into a killing in options. well... it was a killing alright. after about 18 months of losing 40% of my net worth, i finally threw in the towel. lots of great stocks that i lost all or most of my $ in. i'd buy the stock for clients, options for myself. lost all my $ in emc twice. meanwhile, after 5+ years, my clients are sitting on ~1,400%. lost all my $ in sebl too. the list is long and painful to look @.
anyway, just my 2 cents. leverage works in both directions......
all information contained herein is for informational purposes only and does not constitute a solicitation or an offer to sell advisory services. equities noted herein are referenced in the context of the message and are not necessarily representative of any portfolio. clients of my firm currently hold long positions in emc and sebl (but not me... i bought the calls instead!!).
and, of course, all is clearly imo only........nick |
