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

To: Petz who wrote (84110)	12/23/1999 1:58:00 PM
From: Elmer	Respond to of 1573102

Re: "After reading this, I really think you should try something more conservative and less bullish, like selling out of money call and buying very-out-of-money call. If you are long term bearish you gotta realize that when AMD falls it will halve its price in one month." John, I realize that I may turn out to be wrong in my forecast, but I don't see AMD halving in that short a time frame, at least not right now. But if it does I can roll puts out. When CuMine volumes rise and prices fall, we'll see what this AMD price move is really made of. I don't claim my strategy here is perfect, the best, or for everybody, but it has made some pretty good money for me here over a long timeframe. BTW: I never buy calls or puts and I don't write naked calls. EP