Thanks for the kind word Rich! As a bit of disclaimer as well, your owning just that one stock was total contrary to my opinion as well. Infact I did hold you back from own or leveraging into that thing even more than you already were. FORTUNATELY, the stock was terrific, up like 300% or so from its year low, which, while I would never , ever recommend that kind of concentration to anybody, made for a wonderful return for you.
Nonetheless, and you and I have talked about it, totally leveraging into any one stock is very dangerous. If anyone tracks the stocks I have been buying, be assured I don't ever put more than 5, 10% into anyone stock. Sometimes, I will do a ratio spread, buying calls equal to amount of stock i own and sell 2x that number of calls to cover cost of long calls, hence doubling postiion between certain strikes for no additional cash, sometimes even a credit.....saavy strategies to increase upside with little downside, hedging though and giiving something up in return.
Best wishes and may windows nt 5.0 creast absolute chaos amongst corporations such that they spend 50% of their revenues hiring solutions integrators!
Regards,
Steve@yamner.com |
