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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: kaka who wrote (163487)	1/1/2001 12:28:18 AM
From: hlsjones	Read Replies (2) \| Respond to of 176388

KaKa Hey there Raging Bull is really getting strange. Mostly I just lurk. Every once and a while I just can't stand it and I haft to post but mostly I just read the messages and laugh. On strats. Well As a for instance - I sold the JAN25 calls on Jan 12 for 1 5/16 and bought them back on the 14th for 1/2. I know that don't sound like much but I sold covered in all 5 of my accounts. A very tidy sum for 2 days! Actually enough to pay the car note for a year on a two day trade. Here's a statement that will cause a whole lot of noise. This is a statement from me - my opinion - course my trades for the last two years, market both up and down a whole bunch prove it. "YOU CANNOT LOSE MONEY ON COVERED CALLS and YOU WILL NOT LOSE YOUR STOCK (or LEAPS)" You do have to set out a set of rules and THEN FOLLOW THEM. This is the reason I wanted to respond here in the open I want these other guys to try to shoot me down. I wanna know if I'm wrong but I've had some really smart people fail to show me any flaws. That's hint you guys - try to prove me wrong. If I can successfully defend then we all have a better way to make money. Figure out what an average of 5-7% per month on say a 100K nut will pay. I can live on it. Check out what you can buy the DELL JAN03-20s for and if you get .75 or 1.00 net out of them for 24 months where does that leave you? Also - remember my discussion about INTC last January? Look at it now it's set up in an almost identical pattern. Look at the charts - check the congestion at 70 last January and at 35 to 37 right now - I'm gonna play it this time to! One more - run the numbers on this on it's been very good to me over the last year. WAVX is at about 4 1/2 right now. Buy the stock, write $5 calls 6 months out and sell puts equal to the amount of stock you bought the same 6 months out and at the same strike. Check your basis after the sells. WOW! I entered this trade last November, stock at 14.50 and sold $15 puts and calls. Rolled it May and in September. My basis in the stock now 14 months later is a minus $3.58 and I'm still writing CC's and PUTS. As a matter of fact I just doubled my position so if all goes well I'll own twice as much by the end of '01 at a basis of about minus $8. I just love being a Cookie. HJ