Hi there,
Sorry, I just tend to be extremely suspicious of anyone putting out recommendations. We all know that even when "reputable" investment houses put out recommendations, it's to generate liquidity for their own positions and/or improve their client relationships. We also know that when obscure websites/chatroom posters put out recommendations, it's usually to take the other side of your trade. As Jesse Livermore said, "If there's a dollar to be made, no one is going to force it into your pocket." (or something like that)
So I was naturally suspicious about winninginvestments.com (especially since the name sounds like pump n dump!). I'm glad that you've had good experiences with them, and sorry if I was too quick to judge -- as I usually am when someone is peddling financial advice on the web.
As for covered calls, I took a huge loss (well, at the time, huge for me) on writing some INTC covered calls when I was a wee lad, and that taught me not to do it again. IMHO, tech stocks move up in large spurts, rather than in small, gradual steps up -- and if you give away your upside on these spurts, you lose a lot of the capital apprecation of these stocks. That is why I don't write covered calls. But YMMV.
I'm also a fan of DS's insights -- so much a fan that I have engaged his consulting services. Shameless plug: he knows his stuff! |
