Thanks for the thoughts ZEEV.....I assume you will be 100% cash, if not short, in the near term ?
Me? I'm gonna hang tight.....maybe take a little profit if we rally up to fed meeting, but for the most part, I will hold and write CC's as necessary to lower my cost basis, get some monthly income and make sure I am still onboard, should the naz rise. If she drops, well, I held all last year from 5000+ all the way down to the lows....I would have been far better off had I written CC's every month on every stock I had. I would have limited the losses I had. Anyway, I'll be doing a little mix of everything....won't be shorting anything, but will look at some swing trades on the volatility, write a few cc's on stocks I plan on holding long term, letting some "value plays" ride uncovered, and be prepared to buy some quality issues on any "massacre" that may happen in naz.....if we are looking long term, the best thing we could do is buy during the worst of times and buy quality in segements that will see emerging growth....
Thanks...have a great day
keith |
