Greg, people have short memories. Last year, I first posted on CYMI in response to a query if selling a covered call oat 25, was wise (the stock was about 22-23, if memory serves), and since I felt CYMI might follow the rest of the semi-equi. down, I suggested it to be an excellent approach. Than someone asked how low could CYMI go, and after consulting my turnips (the tulips are not in season in Autumn), I said that CYMI could reach "undervaluation" as bad as 13 or so (it did go to 14, if memory serves,a gain), so that call was not too bad. Where my turnips failed, and miserably was calling February as a "disaster" ending around the middle of March. My turnips have apologized amply for their misdeeds <VBG>.
Zeev |
