To: Captain Jack who wrote (80625 ) 4/2/2000 11:21:00 AM From: rudedog Read Replies (1) | Respond to
Jack - here's the difference between EP/EM and MC as far as my investments. Under the EP/EM team, I got snagged several times when they either gave selected guidance to a few close friends in the analyst community and not the rest of us, or when results were way different than predicted. After the Rosen transitional team took over, and later under MC, I have pretty much relied on the guidance of management as to where the company would go, even when that trend was down. They did not make any predictions about where stock price would go, but I made my own determinations about that based on what they said about the company. As a result, I pretty confidently sold calls that were either near the money or actually in the money for most of 2Q and 3Q 1999. As is well known here, I made a pretty radical departure from my previous practice of selling options and bought calls big time in late October and early November. That was a bet on management delivering on their growth and earnings promises which paid off big time, more than 10X in 5 weeks. Have shifted back to selling either calls or puts, currently have calls out.
