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To: Tom K. who wrote (447)6/23/2000 4:17:00 PM
From: PAL  Respond to of 1115
 
Tom

The main thing about a getting into a new approach is the willingness to take a small loss and not just let it ride and turns into a bigger one. You have done very well.

Just like today I played a dangerous game of shorting RMBS at 115 1/4 due to 2 gaps that need to be filled. I covered the position before the close for a meager 1 point gain. I don't want to hold a short position in a stock like RMBS. Well RMBS is up after hours!!

JDB must be laughing at me. VBG.

Paul



To: Tom K. who wrote (447)6/23/2000 5:02:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 1115
 
Tom,

How are you doing these days?

Still focused on the short put as bread and butter?

I have been writing OTM calls for the last several months almost exclusively. It has been quite profitable, due to the tremendous leverage.

Regards,

Dave


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