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Politics : Formerly About Advanced Micro Devices
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To: that_crazy_doug who wrote (117186)6/22/2000 4:50:00 PM
From: niceguy767  Read Replies (1) of 1571020
 
crazy doug:

Re: "There is a reason why it's much harder to get authorization to write naked puts then it is to buy calls or buy stock. The fact that you are arguing against all the brokerages and the SEC doesn't really help your case :P"

Comment: You're dealing with a Fuddy Fixation here...Consequently not much hope can be held out that'll you'll penetrate his grey (cement(?)) matter...At the beginning of the year, Fuddy, although a card carrying AMD bear when AMD was at $30, asserted repeatedly and vociferously (guess he thinks that strengthens his inane argument)that his selling puts was a bearish strategy consistent with his bearish viewpoint...The logic of the argument that buying puts is bearish and risk defined (and therefore consistent with his highly bearish evocations and conservative risk profile) escaped him completely...To this day he continues to claim that selling puts is bearish, notwithstanding that buying puts is bearish and the opposite of the bearish practice of buying puts is selling puts (and therefore not really bearish. He also claims that selling puts is a conservative strategy, notwithstanding, as you once again point out, that selling puts is not really risk defined (and therefore hardly conservative)as one can lose much more than one's initial investment by selling puts)...

I suspect any new SI member who signs on 3 months from now and picks up the Fuddy exchanges will,once againg, be inundated by Fuddy's fantasies that become a reality in his own mind!
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