>> I think you attach too much significance to being a clutcher of paper.
I don't get too many great ideas, John, so when I do, I try to hang on to them. The problem with trading is that you have to be right many times in a row. We've been in a nasdaq bear market for about 15 months following years of the secular bull. Even at today's levels, I am delighted at my returns over the last 6 years.
>> Given the nanopercentage of the company you might own it's not like your actual ownership makes a difference in the scheme of things.
You'd be amazed at the difference my nanopercentage holdings of csco, msft, qcom, sebl, and ntap have made to my family.
>> Now go forth if you would like and create an income stream in perpetuity by speculating on this capital. If you get called, don't worry. Just write puts until you get assigned.
I think you're promoting a high risk strategy, John, and glossing over the downside possibilities. I have followed the work of edamo, who is one of the most adroit put writers on SI, for years, and believe it to be a tricky game requiring a very specific skill set.
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