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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (31433)	2/20/2001 3:46:13 PM
From: edamo	Read Replies (1) \| Respond to of 65232

loffy...not watching the ntap trades....it's still in a downward momentum with a high pe.... definately wouldn't be buy/writing on issues that have been discussed...look at extr...why buy/write on a diminishing asset???? buy at 31....write a 35 for 4...almost under water right now....obvious no conception of the trend, further to the point at when you buy and when you write...main application of this strategy is in a neutral sideways market, fast directional moving markets can be very risky...either loss of opportunity(which you can't spend) or loss of capital(which you wish you could spend) no such thing as easy money, need a bit of fear in your heart to remain prudent... stay with that which is basing and has an upward bias