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Pastimes : G&K Investing for Curmudgeons
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To: Uncle Frank who wrote (2136)5/11/2000 3:12:00 PM
From: tekboy  Read Replies (1) of 22706
 
<<you and Tekboy are two of the brightest people on SI. Now let's see if you're smart enough to avoid making the same mistakes again. Tekboy obviously isn't.>>

Ahem. My earlier mistake was not in buying naked calls in the first place, but in failing to sell them at the right time and take profits when I had them. (Well, also using too much margin, but that's a separate question.)

Both of the new plays were bought at striking lows for the stocks in question; both were ~ATM rather than OTM; and both were bought with plenty of time (6-8 mos.) left for the stocks to come back up in.

ctb/A@notsomistaken,eh?.com
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