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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who started this subject	4/3/2001 2:06:02 AM
From: sterlingmicro	Read Replies (1) of 18929

Hey all.... More buys... Lot of sighs... AIM triggered a buy of VTSS @ 21 5/8. I added another 100 INTC @ 25 1/2. Wrote 2 calls on INTC OCT 30 @ 3 1/8 and 1 call on VTSS MAY 30 @ 1 3/4. I did not think I would get the order filled but it did fairly quick. (I imagine that if your not sitting down and firmly holding on to the desk when you click the submit button on a market order to buy that the suction from the execution VORTEX could suck you in.....) Twilight Zone stuff I know I am gambling here Tom. I still have 60 shares of VTSS to work with if the price moves up and AIM signals a sell. You can't polish a turd(INTC) but you can put a ribbon on it and make it a pretty turd(INTC). I have decided to aggressively pursue these and a couple more issues to build up enough inventory that the inventory should start paying rent thru covered calls. By using the "What if scenerio" on the PCA software I can tell how much stock I can write calls on and how many share I need to keep around for AIM. This way I can grow my holdings thru AIM and pay the warehouse's overhead with the proceeds of the calls. Lets face it... The gamble in this market is not bad. My avg cost of INTC is 25. 3 1/8 is nearly 13% before costs. Granted the INTC is not available to play on game day if the market breaks out in prosperity and INTC moves up rapidly. If I don't close it out prematurely. I have never had an option excersized, YET. My down side here is a only total potential profit of $8 a share if the stock were to rocket beyond 33 a share. CD

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