Hank & Hank,
You don't have to convince me, I do believe you. And if I, or one
of the others members don't believe you, so what.
But it sure is a coincidence that you really shorted this one.
Did you also enjoy the whole ride up. The most funny part was the
George Soros"-rumour. I have never seen a stock risen so fast, and
also have never seen a stock dropping so fast. Great graph.
Are you still short on CTXS, I'm long. I read your arguments
on the CTXS-thread. Not strong, in my opinion. I think you are
underestimating their fundamentals. Don't forget that MSFT had
the intention of doing it by theirself. They don't do that when
they think CTXS is a hype. But we'll see. Maybe we're both right,
you short-term, I long-term.
I also would advice you to remain cautious. I really believe that
we saw the bottom on monday. So there is little downside risk
this moment.
You should also agree that it is hard to predict how the market
will move next weeks. We had two major drops last 1,5 years.
The first august '96, the last april '97. In 96 we had a slow
recovery, in april a quick one. You tell me what it will be
now. And remember, december and january are usually good months
(sounds like William).
I agree with you that it is a good strategy to sell (naked) calls.
I certainly will do such things in the future. But for now it is
to early. Still learning, you know.
Wish you all the best, you are a brilliant investor.
Paul |
