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To: taxman who wrote (254)12/28/1999 1:32:00 PM
From: edamo  Respond to of 8096
 
taxman....bull or bear, no difference

the dynamic of any stock with strong fundamentals is over bought to over sold, regardless of market sentiment. i've learned this over the last thirty years. risk is what you make it, discipline waiting for opportunity limits risk.

long call buy=short put sale=bullish
long put buy=short call sale=bearish

not much difference in risk, the sale does cap, but the sale also allows a privilege that the buy doesn't....the ability to roll forward for added credit.

i set 5-10 positions per month, with exposure of assignment of 1m of stocks that i already own or would like to own. average cash in prem is in the 20% range, closing positions affords on average 10-12% per month....

it's all in the execution, all is risk, but it can be minimized through experience. take losses, don't look back, win more then you lose...

good luck, just keep an open mind!

ed a.