Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.87

-0.1%

Dec 23 3:59 PM EST

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To: minnow68 who wrote (72993)	3/3/2002 1:17:15 AM
From: bacchus_ii	Read Replies (1) of 275872

RE:"The reason that Elmer is not richer than Gates is that he is probably playing a game that carries a risk of catastrophic loss. If he plays it long enough, it can blow up pretty badly. Some stories I find somewhat relevant. I hope you find them entertaining." Well, it's hard for Droid like me to defend an inteleby like Elmer, but I have to... First I would say that I think Elmer is honest in giving his trade when he does it. All the BS about retroactive trade is only this... It's up to anybody to think he didn't really made those trade... we can calculate the move if we follow the tread and if he is winner or loser on a trade, that's the only thing we can judge his strategy. My guest Elmer don't make trade all the time. If he is like me on this, he sell PUT when the exercised total cost of the share is a price that suite to him. If ever the option is exercised, he start selling CC, increasing revenue out of this position until he is exercised again and that close the position. With those Nasdaq shares that never give any or too little dividends, it's the only way to make a revenue. It's safer then buy and sell shares because you got a discount when you buy and a prime when you sell. Otherwise it's playing the market as any other investor. Elmer said he is now where he was 2 years ago. I'm in a much better position then him (percentage wise of course). What kill him is much more due to his long-term stock position than due to his option position. Minnow, your wrong attacking him as if he was "gambler" because he have a special discipline trading this market. Yes we can lose in the market, but you failed to analyze the strategy and compare it to strait shares trading. I'm a lot more conservative than most people on this tread and my revenue expectation is to use my margin from my bond portfolio to double the interest revenue by selling put or CC when exercised. It's fare from being greedy and usually doable. I'm not sure I will succeed again this year because for me, in a bear market, I try not to be caught long on share at price not near book value. I've mist my re-entry this week by 5¢ :-((( my 5¢ Gottfried

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