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: edamo who wrote (56537)	12/23/1999 8:28:00 PM
From: RoseCampion	Read Replies (1) \| Respond to of 152472

trading in an old car on new...[...]immediate depreciation when you take the new car off the lot...swapping a lesser depreciating asset for a higher depreciating asset, and paying to do so is not prudent. brokers and traders, as do car salesmen love it! A more succinct (or immediately understandable) analogy I can't imagine. I will use this one in the future myself! the sell side is the only position where rolling is advantageous.....sold some cmgi jan100 calls....stock rockets, i can give it up in jan with a 100% profit... Umm, I presume these are covered calls, where you own the common as well? Otherwise it's hard to imagine a profit on short 100s with CMGI in the high 270s right now...<g>. -Rose-