Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 209.04

+0.7%

Dec 16 3:59 PM EST

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To: andreas_wonisch who wrote (73049)	3/3/2002 11:48:31 AM
From: Elmer	Read Replies (1) of 275872

BTW, Elmer's strategy has many flaws IMO: In AMD's case the stock could go down a lot more ($8-10 seems to be the bottom of AMD's trading range) and he would lose up to 40% of his initial investment. Excuse me but this is rather foorly thought out. Why would I lose by simply holding the equities? Would I somehow lose less if I hadn't sold the CCs? Do you think AMD will go below $10 and never ever return? If so you should be urging everyone here to avoid AMD alltogether. In that case it would probably be because Intel is doing so well and then my INTC will be soaring. Not a bad hedge. Also the choice to buy stock and sell March 15 Calls after the stock had already surged $2 from the recent low was bad timing IMO. And for only 0.45/contract he had to sell a lot of CCs for commissions not to eat too much into his gains So don't do it. Who asked you to? I did it after the Hammer demo which is an entirely different situation compared to before. Market sentiment changes. And BTW, it cost me about $0.015 to sell those calls. That's not a big bite. EP

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