SpryGuy - Re: "I have been a buyer of AMD since $17.00, Paul...you remeber $17.00, don't you, when you said it was going to $10.00? "
Response (1) - Where did I ever say AMD was going to $10 ? Please post the link.
Response (2) - I bought back in at $16.50 last spring even your Bam Bam Ja Jam Man McMannis will testify to this - since you seem incapable of remembering back that far.
Re: "...My pocket is very well lined as I have been a buyer of AMD since $17.00, "
COmment (1) Did you forget that you SOLD ALL your AMD last fall ??:
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To: Epinephrine (95042 )
From: niceguy767 Friday, Feb 25 2000 8:25AM ET
Reply # 95100 of 95128
Epinephrine:
I have about 30 years of investing experience...I have watched AMD over the past 5 years and became keenly interested in 1999 when it was lagging behind my other favourite, TXN. About June 1999, I began researching AMD in some detail and became convinced that the Athlon was a revolutionary microprocessor (Scumbria provided the lucid technical arguments favouring the Athlon's potential) which, as a result of market acceptance and good margins, would propel AMD rapidly back to profitability!
I began accumulating AMD stock and options in August 1999. As production and performance of the Athlon exceeded my optimistic targets, it became obvious to me that AMD's price would accelerate upwards. In October and Novemebr I converted my AMD shares to options and have held options exclusively since that time and will continue to do so until AMD reaches $58 to $63 (the upper boundary of the 5 year trading channel), a target that according to my "crystal ball" has a reasonable chance of occurring by the option trading expiry date of April 21, after Q1 earnings release and will certainly occur by July trading expiry date!
I currently hold a fairly significant portfolio of April and July call options with varying exercise prices. Currently, my outlook is to convert a portion to AMD shares at around $60.
I'm exceedingly bullish on AMD for both fundamental and technical reasons and my AMD holdings reflect my bullishness...I am wholly aware of the "significant" risk owing to the timing value of options and the threat of general market risk...but, for me, I have concluded that I am willing to accept that risk...
With respect to your portfolio, rather than selling calls, you might consider sellng $37.50 puts. Alternatively you might consider selling the $37.50 puts and buying an equal no. of the $35 or $32.50 puts at the same time with the same expiry date to limit the potential risk. The most important advice I can offer is to determine a target price first and then develop your investment strategy around that target price...As I mentioned, my current target price is $60...optimistically by April expiry date, pessimistically by July expiry date...Hence my interest in April through July options...I really like leaps as well!
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Comment (2) My, My, My - SpryGuy isn't above REWRITING HISTORY !!!!!
Comment (3) - Shame, Shame, Shame !
Paul |
