Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Gopher Broke who wrote (109939)	5/9/2000 4:38:00 PM
From: chic_hearne	Read Replies (1) of 1583870

Re: 1 3/4 is not near worthless. You are only down about %40 at present, not %100 which you will be if you get stubborn about not taking your losses Gopher, A 40% loss is near worthless when you expect to get a 500% gain in less than a month. :-) Seriously, when I make trades, I write down my objectives at the beginning and find this helpfull for making future decisions. In April I liquidated all of my April options and was sitting on a pile of cash. I decided that I should put most of my money in July and Jan options as I expected volitility to last. The premiums were extremely high for July and Jan options, but I was still expecting homeruns (TM Sanders). If I wanted to hit any grandslams (TM Sanders) I was going to have to buy some May options. I bought with all risk capital. I still think AMD could get a rally before the expiry and I could end up ok, we'll see... chic

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