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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Bridge Player who wrote (4659)	12/12/2006 6:14:19 PM
From: im a survivor	of 5205

I'm sticking with sndk as well. No guarantee the past repeats itself, but sndk has always had these large % moves down, and then large % moves up. Hoping it repeats and when the current down leg is over, it repeats and runs back up a large %. Sold a few puts......writing some CC's....and even simply buying the stock outright. They've gotten some negative 'press' of late....lots screaming SELL SELL SELL, but it's funny how the ANALysts always yell BUY at the top and SELL after it drops 50%<lol>. I have found that when they are yelling BUY when it reaches new highs, that is the time to sell or 'hedge' your long position. When it drops 40 or 50% and then they start yelling SELL, I find that is normally the best time to start playing some calls, selling some puts.... aquiring when down..... Contrary investing. Doesnt always work and may not work now with sndk, but it has in the past. people are all worried that their main product line is 'commoditized' and margins will shrink as prices drop. However, as technology advances there will always be new 'products' that sndk has that are needed. I can live with shrinking margins if they ramp up the number of 'products' and increase sales as new technolgies come out requiring these products from sndk.....

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