Paul:
Re: "The only AMD you own, you just bought for $54.75 - PLUS COMMISSIONS !"
Comment: Paul, to keep the record straight, the only AMD I currently own are July 40 calls and Apr. 47.50 and 50 calls, a fairly sizeable, for me anyway, number in total...With the exception of the Apr. 47.50 calls which I purchased when AMD was $52, all my call positions were entered around $40 when I expected closure,as expressed in late February, on the short term penant ( a technical signal) by March 15...We did get closure of that penant and the first revaluation of several yet to come taking AMD to its current $55...None of my original capital is at risk Paul as I have been buying calls, most which have turned out very profitably, since November when it became obvious to me that AMD was the most undervalued equity in the marketplace. Funny thing is, at $55, with all the AMD good news since November, it is still obvious to me that AMD at $55 remains the most undervalued equity in the marketplace! |
