>> P.S. Anyone heard from Volunteer lately? Haven't seen him on the >> thread in months.
I'm back, baby, I'm back!!
Actually I've been REAL busy, but have been lurking when I can to keep up with you guys. Just dropped in to say hello. I see the usual gurus - Herm, Doug, Gary, rfk, Rod V, H jordan, etc. What happened to sailor? He get seasick from this market?
I'm currently a long termer right now for two reasons:
1) Not enough time to do all the DD.
2) Got burned BADLY in Oct-Dec with techies AND VVUS! Since then I've eased up on the margin. Words of advice - go easy on the margin and only use $$$ you can afford to lose. I did OK with the later, but didn't adhere close enough to the former.
Still think CC and selling puts can be great income enhancers, but you got to pick the right stocks at the right time (DUH!). Actually, since CC is "conservative" you mainly need to avoid the wrong stocks at the wrong time. Here was my all-star list (at one time or another): VVUS, AMD, ATML, APM, QNTM, COMS, MLR, PERI, AGP. For a good time go look and see what these stocks did around Oct-Dec. I even got burned with INTC and CPQ!!
Hey, has anyone thought of starting an actual CC portfolio to follow and sell CC's monthly?? It would be informative to all, esp newcomers, and would keep us honest (maybe too much so!). We could start with 100k and see what happens.
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