alanrs,
I think I can get a lot more for my money if I wait for a big move. I've been caught short my stuff moving too fast after I went for what I thought was a safe bet. And had I went for small money when I got called out recently, I'd be regretting it now. I'll continue to watch today, but I think we may be getting ready for a multiday shake out of the weak hands.
On Q, I got called at 55, so I'll try to get back in at 50 or lower. If not, great, most of my QCOM is intact and I love the story.
On IWM, I've been called at 78, 74, 63, 53, and 45 over the past two years (after being put earlier). My puts will be sold at 75, 70, 60 50 and 45 again if we revisit. I've actually got more dry powder this time so I will weigh it more toward the bottom end.
I try not to second guess myself because I end up looking like a herd Animal. So far I haven't made a single losing bet in three years. I've left money on the table, but I can live with that; I've done better than if I had bought and held.
Hepps |
