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: freeus who wrote (30773)	8/28/2000 9:54:23 AM
From: Jill	Read Replies (1) \| Respond to of 35685

I don't like leaps so much anymore, as Tom points out, in this volatile market they'll go way up then way down and you may end up flat. So you'd have to trade leaps too...

To: freeus who wrote (30773)	8/28/2000 2:41:39 PM
From: Dr. David Gleitman	Respond to of 35685

Hi Freeus: The one thing that can be said about selling cc, even if you are in the money by options expiration, is that it forces you to take a profit. One of the biggest chalenges is deciding when to sell. Sell at a profit, that is. How many of us are forced to sell stock, options, etc... when the market has a downturn and there are margin calls, or we become overcome with FUD that we feel that we must bail on a position. Perhaps one good thing about having a call excercised it that if forces us to take a profit. True, we may be losing or limiting our profitability, but it does provide steady income. Now for the hypocritical part of my post. I bought back my calls for the sept 140's on cree on Friday thinking that it was taking a pause before a further upturn. It seems that everyone is expecting a labor day rally next week, which makes me wonder, what if I were a contrarian? Hmmmm. Just an opinion. Best regards, David