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To: drenko who wrote (29389)8/17/2000 9:07:35 PM
From: RocketMan  Read Replies (1) | Respond to of 35685
 
Any thoughts???

RMBS - Bought puts a few months ago and got taken to the cleaners. Seems overbought to me, but V's had some good picks, and it seems to be holding up. Whenever it runs, there is a lot of short covering, so the volatility is high.
CREE - Had a 10 bagger on calls a few months ago, then got out before the crash. I would be nervous about the long term viability of this one.



To: drenko who wrote (29389)8/18/2000 10:26:43 AM
From: RocketMan  Read Replies (2) | Respond to of 35685
 
Another thought. How about using the QQQ as a CC vehicle instead of individual stocks? You don't get the volatility premium you would with a high flyer, but you get more protection from sudden dives. I sold my first CC this morning, just a single contract on QQQ, got 4 and change on a 96 Sept strike. That's 4%, not bad.

rm@stillwonderingwhatiammissingandhowiwillgetscrewedthistime.com