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Non-Tech : The Critical Investing Workshop

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To: pinhi who wrote (29196)	8/16/2000 9:33:14 PM
From: Voltaire	Read Replies (4) of 35685

Yes, you write all the way down. The alternative sucks. Then after hitting the bottom as the Q has done, that is when you begin to start getting you equity back. In other words if Bebo keeps writing, he will eventually get more than his original investment. I realize it takes time but hell, that is the cheapest part of the deal and that is a hell of a lot better than going into a state of panic and going broke and especially with full margin. There is a way to handle that to but only one individual I know that did what I suggested about Margin and she still has her inventory in tact. When I think of the people that gave up their stock when they did not have to, it turns my stomach. LIKE I SAID, THERE IS NO SUCH THING AS A MARGIN CALL, all anyone had to do WAS WRITE LEAPS AND LAUGH I THE BROKER'S FACE. When the market turns AS IT IS ABOUT TO DO, you simply roll out and keep riding. At the height of the debacle I had about 12 people on full margin and got margin call after margin call but none lost their stock because we wrote leaps. Selah, V

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