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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (8786)	3/23/2000 12:54:00 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

Hi Doc! Good to see ya. You are right, I was just talking to someone tonight and they said this is a very long period until expirations...30 more days. Have a good evening. What's left of it. dealer

To: Dr. David Gleitman who wrote (8786)	3/23/2000 1:56:00 AM
From: elpolvo	Read Replies (5) \| Respond to of 35685

se¤or doctor- second night in a row you teach real good for free. this is a great education for us all to hear what you did and why. you picked up a 12-13% income on the rmbs for the month. this is a very good move for the CC life (the no stress bebo beano plan). i think as we transition from casino players to landlords (or stock lessors) our eyesight will adjust. correct me if i'm wrong - i'm trying to make sense of the lesson... you saw something about to rocket, you bought it, and locked in a worthy profit (or monthly income) - bang! - no more nerves. - it's done. but if you were right about its future it may be at 450 by april 21 - you're going to get called at 350 and instead of making the killing for jumping on the right thing at the right time you're going to the bowling alley in the beemer again with bobo. seems like you're using the casino mentality in stock picking and the bebo mentality to stop yourself from gambling. <VBG> (unless you're thinking that rmbs will sell off again tomorrow and you can buy back those calls for a quick profit like you did yesterday) please don't misunderstand, i'm not criticizing i'm trying to analyze for my own purposes. from your post it sounds as though you're sad to be missing the potential gain from further runup and also missing the potential gain from qcom if it runs up soon. if you wanted a little casino action and a little profit protection you could have sold the calls on half the rmbs and held the rest of the rmbs uncovered, am i right? i'm beginning to see more and more of the possibilities. when we get hideously rich we can sell enough calls for income and gamble in the casino at the same time for excitement. regardless, what you did was perfectly acceptable. but it seems like you've not committed to the bebo beano investing philosophy. seems like you're wanting to play two hands at once and it seems to me that the half naked approach would be better for you than regretting the full covered call approach. no? comments? -polvie