Volt! Am executing! ...
Bot Feb 01s this a.m. on ELON, RNWK and I went ahead with RFMD because it's a great trader (well, has been for quite some time in the past, anyway)...
Have you put in any bids on the RMBS Feb 01 120s (BUJBDs)? If 'yes,' I think we're trying to underbid each other ... and no one is biting ... LOL.
I have (finally) identified (and am satisfied with) clear-cut goals/objectives, strategies and tactics to manage my portfolios towards ultimate "retirement" net worth. By "ultimate," I mean that I will retire WITH COMPLETE PEACE OF MIND. That's VERY KEY to me.
This is what I'm doing. Continue to hold long 80 percent. Diversified within tech sector and instruments. (MSFT, DELL, AMAT, INTC, WCOM, SUNW, CSCO, INTC, IBM, AOL -- plus non-techs HD, PFE, DIS exceptions). Continue to hold 6 MFs and three growth trusts in IRAs. A few (3-4 four max) "swing trades" only if "necessary," such as RMBS (the equity, not the options), JDSU, NTAP, SNDK).
The remaining 20% (plus margin on about 30% of total) will use to "turbo-charge" this damned thing to reach ultimate retirement goal FASTER.
I have decided after months of indecision NOT to write CCs at this point in time. Don't need income. (I know -- can use to beef up principal. The thing is, though, for me, I'm finding I can only handle so much at once. Still have to spend about 10 hrs week working; it will be a HUGE psychological paradigm shift for me to shut down this business. I would be a fool to walk away from it now, I feel .. it's GUARANTEED income that in fact, pays all my bills.
I will go with between 4 and 8 different underlying equities (different companies, I mean) for mid-term slightly OTM (i.e. 20-25 points on a $100 stock) call options about 6 months out. I really like this approach that you (RR, too, yes?) use ...
Looking rest-of-day at that RMBS ... also watching Feb 01s on NTAP (hell, it's up) and VRTS ...
THANKS!!!!
'the Bonster'
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