all,
Once in a while, I get emails from this forum for warnings about option or etc., I appreciate all of them. Thanks all!
Michael,
I got your mail. Thanks for your extra effort.
I agree with your view. I was very unhappy with BORL's down turn yesterday. So I was going to sell half of my holdings this morning. I'm here for a long term, but it wasn't easy to give back that much profits everyday due to my large position. I was up all night last night to figure out pros and cons. But I decided to keep all of them. I might buy more cheap calls.
re: IOM,
I sold all of IOM @30+ a few weeks back. But I'm going to sell naked puts to start all over. I got them @16+. Whenever folks sell off IOM, I sold agressive puts. Whenever it goes high enough, I sold agressive calls. IOM has been my biggest winner for '97. Next was SYQT, but I wouldn't touch it for sometime unless it goes down to below 2 1/2. Good luck with IOM. It's fun one to play with!
Thanks again for your response, I needed your sharp tooth to reevaluate my reasons for holding BORL!
regards,
BPP |