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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?


To: heatsinker2 who wrote (72950)3/2/2002 12:45:03 PM
From: ElmerRead Replies (3) | Respond to of 275872
 
Elmer and Niceguy I would be very interested to see if either of you two have been successful over the past year. It's tax season, so presumably you have tabulated your gains and losses for 2001. How about posting a list? That would be cool. It doesn't mean much to post trades one-by-one. It is impossible to keep track of these.

I'm sorry but I think it would be inappropriate to post retroactive trades and I'm sure my buddy would agree. The only thing meaningful is real time.

My current AMD position that I posted here in real time is:

Purchased @ $14.09
Wrote March $15 CCs for .45
I don't intend to let those get assigned so I will roll them out to April or May if AMD stays above $15.

Note: It is not my intention to make a killing here. This is a business and I am looking to make 2.5% per month. That's all. I need to make $0.35 per month. Commissions are not meaningful here. 2.5% works out to 34.5% annualized. Not bad. If you do it on margin subtract about 8%. Not bad for using someone elses money.

EP



To: heatsinker2 who wrote (72950)3/2/2002 12:51:45 PM
From: niceguy767Respond to of 275872
 
heatsinker2:

Just take it from Elmer...He won on every trade, made a million...I lost on every trade, lost a million...hehehe!!! I didn't have the same failsafe investment strategy of writing puts at the top as did Elmer...Surefire winner, so he says!!!