VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Murrey Walker who wrote (54222)	8/7/2002 11:42:44 AM
From: marginmike	Read Replies (2) of 65232

You are kiding right? I sold my Qcom in Feb-march 2000 for 130-140 a share. I have been short the market until a few weeks back. I never attended or listened to Voltaire about CC, I wrote a scolding post at the time on the Qcom thread which is what provoked Voltaire to open the porch for business. I baisicly trade options and stocks for a living, and I have many friends who run derivitive desks. Ask any of them a nd they will explain that selling CC on a stock does not protect your downside and thus is not a proper hedge for a highly volitile stock. If you had sold CC on Qcom youd be down like 50% even with CC income(if you timed it perfectly). What I am angry about is a guy like Volts who has lost people(less knowledgable then myself) a boatload of money by calling bottoms. For christ sakes you think selling CC on rambus would have helped you? The fact he has the audacity to make comentary here, and make pronouncements after his absolute obliteration of many is sickening and pathetic. If this market hasnt tought him that his knowledge and expertise are nothing compared to the catastrophe's in a bear then g-d help him or people like you who think he has a clue.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next