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

To: Steve Porter who wrote (104886)	4/13/2000 1:08:00 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1576323

Steve, You are right. On average, I think most people lose on short term options. I think LEAPs give you a better shot, especially in a bull market. If you are right about the direction, LEAPs give you a lot more leverage, and reasonable amount of time for your scenario to play out. Joe

To: Steve Porter who wrote (104886)	4/13/2000 3:13:00 AM
From: ptanner	Read Replies (1) \| Respond to of 1576323

Steve <Anyway calls you have for AMD are indeed most likely profitable. But how often is that the situation?> This reminds me of my short-term trading: I designated a portion of my portfolio as "play" money that I could trade with (as opposed to invest). These funds have mostly gone in and out of AMD over the last few months. Of course, the overall results have been great, but compared to a strict buy and hold I came out behind despite all my activity. My trades didn't add anything to the performance to date. However, I would not have committed such a large portion of funds and the buying and selling helped my comfort. (Some nights it was hard to not have the extra AMD shares though more often it was concern about too many.) All of this made it much easier to leave the core investment alone... and was also fun. Now, looking back (and forward?), who needs diversification when you only invest in a top performing S&P stock and short-term volatility is just noise for a 20-year horizon. PT