IKE: First, congratulations are in order: 100%+ this year, WOW.
It occurred to me that there are any number of well known and often
quoted hedge fund managers who would be envious of these results.
And some others, in Conneticut(sp?), for example, that would gladly trade their medals and Solomon trading pedigree for results to match this.
(Maybe they will be calling you to apply for a job interview,ggg)
Got you on the JPN calls, I'll seek the March/April and mix the strikes.
Admit I've been burned on AMZN puts before, and I see the arguments presented here that indicate "this time its different" as far as Internet speculation, time will tell how long the small investor will pay $200/$300 or more per share for earnings promised.
But this is debated endlessly on AMZN thread, et al.
I like the ALA recommendation; traded in/out of this 3 times with success this year for small gains; now it's beaten down but in a good sector; any advice on deeper calendar strikes(Mar/April/or beyond?)
and do you have a rule of thumb when instituting calls, how far "out of the money" you choose your strike price, or is this done only on a case by case basis?
I'd be very pleased with a 20-25% gain next year; this year I was too pessimistic to take advantage of the downturn, and the fear factor influenced my thinking to the detriment of my results.
Have pity on the "bhumbo-ized" during the holiday season; remember
with your inherent optimism, combined with a formidable world view, and excellent trading skills, you have such an advantage in dealing with the waves of negativity that washed over small investors this past autumn.
Hope the holidays go well for you and your family; I'm going up to Oregon to see my 89 year old mother and brothers/sisters for a good old-fashioned Thanksgiving.
Regards,
vocex |
