To All, I have finally gotten back around to V in the alphabet. <g> Today I bought: 1. Velcro Industries-Velcf. Great products, superb balance sheet, nice investment portfolio, growing like a weed, selling for a diddly-squat PE ratio. My type of stock. On the negatory side, the company is closely held and the holders don't seem to like to bother with the public or analysts much. Also on the negatory side, it trades like molasses. I have been buying for 3 days trying to get a one third position. I'm almost there now, so I'm mentioning it on the thread.
2. Vertical Net Buy Write Speculation. First of all, I like many internut companies. It is their stock prices I hate. VERT has come down a lot. It is still not a value stock, but they have an option that makes me lick my lips in anticipation. I bought some stock and sold some Jan 2003 $40 calls against it. Stock at $37, call at $20, give or take breakage on both. This is in my IRA account and a very small position. In fact, I have a one lot so far, which isn't even close to a full third. But it seems to be a great risk/reward tradeoff. Don't bet the ranch on this spec stock, but the premium is soooooo large.
2. Vignette-Vign is more of a typical income play for me. I am buying the stock at this down draft and selling Dec 55 calls against it. I am also buying farrrrr out of the money puts. The trading is slow, but a nice income play if you can get it done. I reveal this one because I am not using it for my partnerships. I usually only do Leaps for them and VIGN doesn't have Leaps. Also, I tend to like a little more volume in their account than me and the floor. <g>
4. I bought my last third of Ancor-ANCR last week and am punting it today. This stock has been very kind to me. Where is "Pay Per Chaste" when it is time to rub his nose in it? <VBG> |
