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.

Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (874)	5/31/2001 8:13:32 PM
From: TShirtPrinter	Read Replies (1) \| Respond to of 5205

Greetings JohnM, I started selling CC's to keep some sanity. In 1998 when I was way overweighted in QCOM, against my professional adviser's advice, I decided to take 20% and put it in "play" because there seemed to be this constant range that QCOM traded in. I was short some CC's when it took it's big run, but I had decided I was willing to risk that much. Of course then i stopped selling CC's for awhile and held, and held, .....well we all know the story. Rose colored glasses are off today and selling a larger % on pops. Strickly gut feeling on stocks I'm very intimate with <g>. Tony PS And yes I fired the broker. I should have taken more chips off the table on the runup, but I would never have had so many shares if I had listened to the pros. Just a screen printers story.

To: JohnM who wrote (874)	5/31/2001 8:18:47 PM
From: FaultLine	Respond to of 5205

Might it not be the case that your "getting it" has been in a certain kind of market, a down to sideways market, that timing has not been an essential issue since it was the kind of market that worked best for cc writing. And, if that's the case (though it may well not be), do you watch for the turns that might call for other tools? First, the "getting it" refers to the exact mechanisms and dynamics as described by McMillian. These concepts concerning the inter-relatedness of the variables, universally apply. He describes a simple, ordinary dynamic system. Second: I only have a few months experience but I do not anticipate using any particular tools in the future. (Shhh, I hate to confess this, but I don't think much of technical analysis -- just a hardcore skeptic I guess. And that pretty much eliminates the tools approach.) Seems easier to me to just get a feeling for the beast by keeping up with the news and the fundamentals IMO. --dfl@besuretobuyanacmebaloneydetectionkit.com <g> EDIT: FYI csicop.org