***** Thinking Outside The Box *****
KB, I started to send this to you via E-mail, but then I thought we have some sharp minds here, and the more insight I receive, the better I'll be able to plan ahead.
I know there are ways to make money in the market with all of this volatility. The key, in my opinion, is being able to change the direction of my thinking, and then follow through by pulling the trigger.
My problem with changing direction in my thinking is I don't have much/any experience trading with the techniques I think it takes now to be successful in this environment.
I know I should be shorting some tech stocks here, but which ones? (I'm thinking aloud, not trying to pressure you into coming up with answers.) Which of the tech sectors has the most vulnerability? I wouldn't want to short the semi's since they are usually the first to turnaround and when they turn, they turn.
And, what about options? Specifically in the energy sector. I'm going to read that chapter on covered calls tonight. I think I want to try that. Would you recommend covered calls on OEI for example? I'm willing to hold OEI a year or more as I believe the exploration companies have some good upside left. I don't want to put a majority of my money there though as I do want to continue learning and perfecting the ST trade.
If anyone has any ideas or insights wrt which tech stocks are the best "short" candidates, or any ideas or insights wrt which energy stocks present the best opportunity for writing covered calls, I'd sincerely appreciate hearing your comments.
dabum |
