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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: tekboy who wrote (39430)	2/17/2001 8:11:54 AM
From: DownSouth	Respond to of 54805

The Guts and Glory of Day Trading: Stories of Day Traders Who Made (or Lost) $1,000,000 Many of us have done both of those things gorilla gaming over the last 2 years (made and lost $1M), so I guess we should write a book.

To: tekboy who wrote (39430)	2/17/2001 3:23:13 PM
From: bobkansas	Read Replies (2) \| Respond to of 54805

Hi tekboy, A couple of observations regarding your post on the ONLINE INVESTOR article that included reference to this thread and Gorilla investing. When being interviewed for the book I told the author about the humor here and many of you by name e.g. Uncle Frank, yourself, DownSouth, and others. Many of you would have been better qualified than me to be interviewed. During the interviewing process I was told the book would be about trading and investing. I did not know it was mainly about day traders. So my story and I believe one other out of twelve people's stories has an element of investing to them. The derivatives trading is about covered call writing. Such is as all of you know is not gorilla investing. The author wrote the story about me lumped together under the one topic of gorilla investing. BTW, Covered call writing can mitigate one's losses in a downtrend. stuff certainly did get garbled about gorilla investing. Have you ever had someone write a long story about you and get all the details correct? Also, I did not get to proof my chapter in the book or the article in the magazine. I do not have a clue as to where the CRM info came from. The author must have lifted it from who knows where. A few other comments: We currently ARE in a bear market. Gorillias get hurt in a down market like any other stock does. A balloon cannot go up in an elevator going down. I think SEBL has the best opportunity of coming out of this bear market with it's stock price intact. I for one am carefully buying LEAPS on certain gorilla stocks and then selling out of the money short term (monthly)calls on the LEAPS. E.g. I have NTAP leaps for Jan. 2003. I hope to have the leaps paid for within the next 12 months by selling calls that expire against them. Uncle Frank wanted on another thread to know of a good, easy to read, basic covered call option book for a friend of his. Best one imo is called "Stocks for Options Trading" by Harvey C. Friedentag. I ordered my copy from amazon. Please do not shot me just because the story is not perfectly told and is in a book about daytraders. Life is unfair. We all view the stock market and our gorillas through our own personal belief systems. Such can be dangerous if we do not check out objectively what actually is going on in the market. *In the stock market it is better to make money than to be right. Very best regards, Bob