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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Damon Owens who wrote (7107)3/19/1998 3:41:00 PM
From: Herm  Read Replies (4) of 14162
 
Hi Damon,

I'm glad you are so full of energy. But, learn as much as you can before you invest your first dollar. Otherwise, it may be your last dollar.

Do you like magic Damon? In particular, how to make money vanish into thin air trick? If you really want to be dazzled by the king himself then attend a Wade Cooke seminar. They can dip into your check book before you can say "in the money." :-) No really! I read his book and hype and I was entertained and pumped up. But, you could learn the works by reading forums on the Silicon Investor (SI). You should get as many books as possible.

I personally would not waste my time and money going to the AmWay covered call writing workshop king. I have private email by persons that attended those workshops and paid alot of money. NEVER have I heard from a pleased customer. In fact, they usually write to ask for help repairing some investments they made. Wade Cooke is very weak on teaching what to do when stocks go down. Rolling stocks? Well, some times the low to high price can look like a capital W with a 30 point spread. Not many investors could stand that much excitement. Look at CPQ. From $60s down to $20s recently. VVUS from $41 down to $10.00 recently.

Damon those things can happen in the stock market. And, it can happen the very first time you invest. You never really know for sure. If you think I'm trying to make you more cautious, you are right! Keep the thrill, but, hold on to your money!
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