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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (21963)12/5/2000 9:17:21 AM
From: edamo  Read Replies (1) of 65232
 
keith..."atml".....why spend $5 for a leap, when you can get the common for $10? if you buy the common you can write any strike above your purchase for a covered call..if you buy the option the strike plus the premium would preclude a covered call write until the common exceeds the strike plus the premium...

i again received an early assignment on atml....that's 21k shares over the past few weeks...seems the other assigns around the $10 level, prior to a bounce....makes me feel a bit more secure of a base building...notice the xlnx warning of 5-8% sequential growth instead of 12% didn't hammer the common....appears that bad news (5-8% sequential ain't so bad) is taking a bit less of an overall psychological effect on the market....this is good...

no houses, time capsules, manipulation...just an overheated inefficient market that has swung in the other direction....a logical progression in the ever uptrending markets....pendulum swings in both directions.......

remain cautious...still a great deal of volatility and uncertainty...strong day today, requires an equally strong close.....

good luck

ed a.
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