lisette..thanks,
"shortest realistic time frame"....tempis fugit only when an issue is advancing....slows down when it range trades...dell has doubled since october, now range trading as it has done in the past...i'm a believer that "44" is the magic number..blow thru that on strong volume and it will establish a 46-52 range, but not for as long of a time as the recent sideways movement...dell will double (as long as fundamentals hold) by jan 01...and that is conservative...look how the market is rewarding the growth of ibm and hwp, both less stellar, but larger companies then dell...dell is maturing, these are the difficult times, stay long the stock, sell covered calls short term when you think the underlying is overbought..good income, and constantly reducing your cost basis..when oversold sell the put, cover the call...ad infinitum....good luck, ed a.
p.s...i bought aol at 170..silly me...also sold aol 01 200 puts and got $85 premium...if my bet is right and aol over 200 on jan 01, then my foolish 170 purchase not so bad...ya gotta play to win!!!! |
