Marc, sorry for not responding, I've mailed my "excuses" to you.
"You got out of INTC yourself, not too long ago, if I remember."
This is correct, but not really. I'm "in" Intel with 50 contracts - that's a lot more than my newly sold 1000 shares. As I commented, I got out with these shares intending to make cash for options.
"But we will never see PE ratios like MSFT, who packages a large empty box around a CD-ROM and gets as large a margin as it likes."
Is this logical? IMHO P/E is the relation between price (of the stock) and the part of company-earnings related to one share. I remember times when actually Intel's P/E was better than Microsoft's.
No clue if this will happen again - but I hope so. If I'm wrong, my options (strike 120!) aren't worth 1 penny.
"It will climb again, but I don't think that it will be soon, unless there is a huge earnings surprise."
I agree. On the other side, I'm engaged with 200 shares, that's not the biggest game. And I hope (just hope...) that RMBS will not tend to go back below 50 - but I'm not sure.
"...but my car will probably be a lot smaller than yours!"
Actually my car is shorter than the majority and not that tall. And I could buy "him" (7 years old) for less than 1/3 of "his" former price - some people pay more for their "Golf"... ( wolfeden.org )
Happy trading!
Jury
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