Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (46727)	10/31/1999 6:56:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 152472

Well Like my dad always said, " No good deed goes unpunished". When an Individual refuses to answer the simple questions and turns to nothing but Rhetorical Bulls--- it is quite evident who is backing up because you like all theoretical option players want to make something difficult that is not. I can tell by the way you talked of your ERICY experience that there was more theory than money involved. My Clients would never have survived four or five corrections if what I have said were not practical in the right hands. You have yet to delineate by practical application any of your assertions. You have simply rendered an opinion of what Investors should or should not do base on your many readings and Bell Curve Fear. I have basically found in life the amount of one's fortune is inversely proportional to his or her propensity for theory. Selah and let us go forward! V.

To: LLCF who wrote (46727)	10/31/1999 7:55:00 PM
From: Jill	Respond to of 152472

OT: He has not been rude. Neither has he been far too rude. Neither has he been gradeschool. Neither does he bring zilch to the table. Don't bother invoking the fight or flight response unless you can describe the exact cascade of stress chemicals and neurotransmitters involved; although you use small letters it is clear you need a porch of your own. Jill

To: LLCF who wrote (46727)	10/31/1999 8:53:00 PM
From: MileHigh	Respond to of 152472

David and V, I have sold calls against a long position many times, in both IRA and taxable accounts. IMO, you are both right about much of what you say. For instance, V says McMillan (I have the bible) thinks it is good for a stock to go up after the covered position is established, he is right but only to a certain extent. You do not want a stock to skyrocket after you have sold calls. You will have to buy them back at a loss. When if you had not sold the calls, you would have simply benefited from the gap up. So, the CC strategy is a slightly bullish investment strategy. One should not write calls if they are bearish on a stock, just sell it if you are bearish. Oh well, Happy Halloween to All! MileHigh PS- And I am proud to say, I know very little about derivatives, I bet very few do. Especially people who feel the need to post their resume on SI! <gg>

To: LLCF who wrote (46727)	11/1/1999 4:02:00 AM
From: lurqer	Respond to of 152472

McMillian: Much better books out there if anyone cares I'll list some. First I must differ with you re. McMillian. Any book that can take its reader from: " What is a put and a call?" to "Here is how to do a reverse ratio spread" and all with a minimum a math, is equivalent to doing a high wire act w/ no net. No doubt in your work environment, McMillian would be trivial. But the level of option sophistication on this thread is far different. Personally, I would have preferred more math but our educational system is excellent at engendering math phobia, so as a more general audience first options book I would recommend it. For those more math inclined, just think of the "greeks" as partial differences and all will be clear. That said though, I'm always interested in learning more. Any books you would care to recommend, especially if accompanied by a one sentence review explaining its value would be appreciated by many on this thread. TIA. lurking ... lurqer