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


To: Jill who wrote (29180)8/16/2000 7:34:44 PM
From: Mannie  Read Replies (1) | Respond to of 35685
 
Jill...yes I have been doing a lot CC writing, I began dipping my toe in about 5 months ago. Currently I am writing with my entire SEPP-IRA account due to the lack of tax consequences, and with a portion of my taxable account. Together, I am writing on about 40% of my total portfolio.

I write with stocks that I would normally be comfortable holding long anyway. I have been using NTAP, RNWK, ICGE & ELON...but I have narrowed it a bit this month and am mostly in GMST and SSTI. GMST has worked just perfectly this month, SSTI has dropped a fair amount and I was able to rewrite and keep up with it. Although I over shot a bit when I wrote 65's when the stock plummeted, one of those emotion lessons you wrote so well about.. But I will definitely be ahead at months end.

I will be using both stock next month.

I agree with not wanting to write at the high end of the channel, just wish I was better at seeing which end of the channel I am at, looking towards the next month.

Scott

PS...Jill I wish you would spend more time on the Porch!