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Non-Tech : The Critical Investing Workshop

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To: Venkie who wrote (27359)8/1/2000 2:16:38 PM
From: Voltaire  Read Replies (5) of 35685
 
Anytime I fall in love with a stock like QCOM and RMBS for say JAN. I love to see it go down in order to pick up options on top of options. I take a stock like that and tell my broker with every three point drop in the stock he should buy me 10 contracts. That does not include anything that I buy.

Why anyone would own stock at the bottom of a market instead of options say out to Jan. is beyond me, just wasted money. I still say, if you feel the market will make a dramatic turn in 5 to 6 months, just pile on options in the stock or stocks you believe in, this is where RR is REALLY ON. If you need it for writing calls, that is a different ballgame.

The big money everyone made in the Q was made with options not stock. It also killed them when they did not sell and the options also were split 4 for 1.

FAITH IN THE STOCK I AM BUYING IS EVERYTHING TO ME.

LET THEM BRING RMBS DOWN, LOVE IT. COME SEE ME IN JAN.

YOU MAKE YOUR MONEY WHEN YU BUY, NOT WHEN YOU SELL.

V
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