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.

Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (7502)	1/17/2004 9:49:58 PM
From: Sam Citron	Read Replies (1) \| Respond to of 13403

OT Gottfried LT Chart since 1970 bigcharts.marketwatch.com I remember the IBM swoon all too well. Had never owned it before but bought it very cheap and regrettably sold it in 1993 when it didn't turn around as fast as I had expected. (What did I expect?) Did something similarly stupid in INTC 2 years ago after some naked puts were exercised. That is why I say in naked put writing you need to go with quality companies that you wouldn't mind getting stuck with at the strike price. If you play it right and are patient, getting "stuck" with the shares is not such a bad deal. Just look at it as being paid to enter and hold a "good until cancelled" at your designated strike price. Buyers remourse is always a possibility, but if you choose a strike that marks long term support, you will usually come out OK.