SI
SI
discoversearch

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 : Continuing the IFMX discussion and more...
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert Graham who wrote (189)9/13/1997 10:11:00 AM
From: Melissa McAuliffe   of 206
 
<<The safest way to take advantage of the oncoming drop in the stock is to write call options on your stock at the peak and buy back after the drop is finished>>

Easy for you to say...I don't think you ever wrote the October calls like some of us did <g> Though you are correct in your comments about missed profits vs.lost money. So unfortunately, I (I think Brian too) cannot do this. It just seems a shame not to be able to take advantage of this opportunity--which it is for some. Way back when on this thread this is what I was talking about...doing different things at different times based on what is happening. But I still think I am going to think about these other alternatives. I think it all depends on what the news is. For example, if the news is personnel related we know that should not cause the stock to rise another 10 or 20% after the announcement. If anything it should drop back down to a new support levell..might be higher than 9 who knows but either way less than where it will be. Or it stays where it is in which case simply close the short position for a commission loss. With Fidelity you can do a complete short transaction for only $25 since they dont' charge commissions on the initial sale. Again, all this is only my own opinion and it isn't like I have years of experience here or something. Alot of this is just my feel for the stock which goes back to what Brian said the other day. But no matter what all we can do it wait to see what happens or what the news is and then this discussion can be more meaningful.
Melissa
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News