Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sully- who wrote (29537)	8/18/2000 5:52:41 PM
From: RocketMan	Read Replies (2) \| Respond to of 35685

FWIW, my discussion was regarding a situation where the underlying vehicle had gone into the crapper & you had been uncovering then re-covering during the decline to protect the vehicle..... In that case, why do you want to protect the vehicle, which has proven to be a POS? Unless, in the unlikely case that you thought the vehicle was much better than the market had been treating it. Why not take the loss, and find a better vehicle? With the covering, you have not lost all that much, as your losses have been offset by the CCs. What am I missing?

To: Sully- who wrote (29537)	8/19/2000 9:36:23 AM
From: im a survivor	Respond to of 35685

<<FWIW, my discussion was regarding a situation where the underlying vehicle had gone into the crapper & you had been uncovering then re-covering during the decline to protect the vehicle..... & the underlying stock had reversed so that your last CC sale was now at risk of being called.... & placing you in the position of taking a significant loss if called due to the steep decline..... That is not a stress free environment..... It is time to get to work..... time to make sound decisions..... time to protect the vehicle..... Again, the decision to roll up & out depends.... on the situation..... ....& it's not always stress free IMVHO..... that's where a lot of folks are mistaken..... it CAN be stress free.... IF you have a plan, you WORK the plan..... & you have contingencies in place..... that include a safety net somewhere for those times when CHIT HAPPENS..... BWDIK?>> My fault Tim. I fully understand that this "stress free"means of earning income can go sour very quickly. As noted many times here, this very thing happened with elon and me. I kept buying, kept writing, it kept dropping.....well, I dont wish to re-hash all that again.....anyhow, I see where you are coming from 100% Keith@haveagreatweekend.com