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Technology Stocks : Compaq

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To: hpeace who wrote (14799)1/25/1998 6:44:00 AM
From: Mike Gordon  Read Replies (1) of 97611
 
<if you are going to buy the stk. selling a naked put is the safest transaction in the book.>

Steve & thread: I have employed this strategy and a covered call program for 4 years. This is the only way I take a position. As Steve said, for conservative investors, you need to read McMillans book and implement strategies. Concentrate on the simple methods and gradually work yourself into the more complex strategies later. (I prefer keeping it simple). Pretending on paper is NOT the same. Score yourself by looking at your rate of return. However, using annualized estimates can be very misleading. Don't be greedy,

Mike Gordon
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