tito, nice to hear from you:
re: "after the night is over comes the day", and "isn't more than 2 years too cautious?" If 2002 LEAPs were available, I'd buy them instead. And, when the 2002s become available, if the stock is still below 40, I'll roll them over. I am 100% confident day will follow night, but not at all sure about the timing. Maybe that comes from living above the Arctic Circle, where the sun sets in mid-November, and doesn't come up again till late-January.
If the 1996 pattern repeats, then a year of decline should signal the bottom. If. Let me repeat that: if.
re: "I know you are a man who wants all risk reduced to a little or none at all" I'm using all of this year's savings, to buy far-out-of-the-money options, in one very volatile tech stock, in an industry with zero visibility, as the market tumbles and recession looms. Only the man who introduced me to AMAT LEAPs could call me risk-averse. |
