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 : Help me become a millionaire -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (292)	11/26/2001 7:48:15 PM
From: victor pan	Read Replies (3) \| Respond to of 583

Sarmad, Did you get a good entry today on I2? It could have been a 40 cents gain already! How did you guess the $6 support! Not a penny more, not a penny less! What difference do you see between the current market condition compared to your prior two successes, if any? >the water is now safe again for speculation on the long side And what are the similarities? >need to figure out how to hold on to gains I have a plan for that. I would buy stocks of big names, e.g., INTC, and sell covered calls against it every month. This is equivalent to bringing down the costs (per share). Say if you get 1000 INTC for $50 a share, and sell 10 calls each month. If it's $2 per contract, you take $2 off the $50 each month. This way even if the share price is going down, you don't lose much money. The numbers are hypothetical, maybe the volatility goes down when the market keeps tanking. Just an idea. Maybe I'll try it when I have enough money.