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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: kapkan4u who wrote (83462)	12/17/1999 4:04:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1573092

Re: "while the denial is manifesting in asinine arguments like "writing puts is not bullish" Since you are as ignorant as Mr. NiceGuy on the subject I'll try and make it clear. I never said it was not bullish. That claim was the act of Mr. NiceGuy's overactive imagination. My point was that it need not be ONLY bullish. AMD is trading near $29. I sold $25 puts for 1 3/8s. If the stock goes up then I make money. If the stock goes nowhere, I make money. If the stock goes down less than 5 3/8s I make money. If the stock goes down 5 3/8s I break even but I have the use of the premium cash for 1 month. So if I expect AMD to go down a limited amount and my expectations are met, I end up making my maximum potential profit in this type of trade. That is not a bullish forecast and only the ignorant would fail to see this. I shall put you in the same category as Mr. NiceGuy. EP