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Politics : Formerly About Advanced Micro Devices
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To: Paul Engel who wrote (120710)7/22/2000 10:22:47 PM
From: Elmer  Read Replies (1) of 1573008
 
Re: "I had to roll my July $85 puts forward into August $85's (second month in a row I had to do that with my $85's), but my July $60, $65's $70's, $75's and $80's all expired worthless !!!"

Same exact thing for me too on the $85s. I've rolled them out for 2 months now and picked up a couple of bucks in so doing. I had July $70s expire and I am now short August $85s & $75s. I've also written some AMD naked calls. I had July $100s expire.

Re: "You should check back on this and the Obliterated AMD thread to see what a BATH SpryGuy and Little Chick took with BUYING AMD Call Options for July - from $85 up to $100 !"

After all his luney claims that AMD was taking off to the moon that very day, all I can say is it couldn't happen to a NicerGuy. Still you can't deny that AMD is now a viable company with the prospects of profitability for some time to come. I just can't get involved is such speculative investing like these guys do. There is a reason why they say 80% of the people playing options lose money. What they really mean is 80% of the people buying options lose money. I figured out a while back who was making the money off those 80%. But the world will always have gamblers and the investment world will always need a "house" to take their money.

EP
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