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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: majormember who wrote (11297)7/26/1999 11:33:00 AM
From: Herm  Read Replies (2) | Respond to of 14162
 
Hi Skane,

Thanks for your advise on SNRS. I would soften using the word "idiot" since it does communicate negative overtones. Ill advised, risky perhaps, or some other word better states the risk to the investor without attacking the person with such a offensive attack word as idiot.

The word idiot projects an over emotional attachment to a stock. Otherwise, why put such emphasis on trying to talk up the stock. Statements without technical indicators to inform or educate investors only adds to the fear and further decline because "perception becomes reality" in the stock market game. That is exactly what MMs and shorts look for since they know they found emotional buttons and are more than willing to push them. You know, fear and greed.

I have witness many a stock that kept going down, down, down, all the while the poor souls are losing their hard earned capital and taking out their anger on those who are on the profit side of the price movement.

Just the same, I do appreciation your concern and warning Skane.



To: majormember who wrote (11297)7/26/1999 2:02:00 PM
From: Dr. Voodoo  Respond to of 14162
 
Skane,

Yes, I would certainly wait a while before initiating a short position in SNRS. RR isn't big enough yet.

Risk factors other than a mini-squeeze are that they still have a meeting with the FDA. Which, after having done a little dd, and enough past experience, has a possibility of going the other way. Point here being is that speculators in SNRS(notice I did not say investors) still have something to look forward to. However, should the stock pop up and the fundamentals still look bleak, money might be had on the short side.

I typically don't play volatility. My experience is that the same pair of wingtips that climbed over my back to get in, usually has their foot on my nose on the way out! ;-)

Good luck,

V