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Politics : Formerly About Advanced Micro Devices

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To: Gopher Broke who wrote (119722)7/8/2000 9:52:09 AM
From: Elmer  Read Replies (1) of 1575121
 
Re: "How do you manage to remain so conservative in the face of such potential? Sure, the CCs will give you a guaranteed return, but you will pick up just ten bucks now for Jan 01 $120s"

$10 plus the difference between today's price and the $120 strike price. More like $48. Plus the $10 will go back into more AMD shares. That's over 60% return between now and Jan if all works out. Is that really so conservative? I'm not trying to make a fortune here. I don't see CCs as caping growth. I can roll those Jan CCs and increase the strike price with no money out of pocket. Jan is only 5 months away. I'm speculating here but if need be I can probably increase the strike price by $5-$10 a month by rolling. That works for me. These shares were free and my eggs are not all in this one basket.

EP
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