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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: snookcity who wrote (8778)	12/30/2009 3:42:28 PM
From: Patrick Slevin	Respond to of 20435

I think 25 to 30 is manageable. I guess if someone wanted to roll the dice they would stick to 5 or 6. With the right picks, or even 3 or 4 good picks out of 5 or 6 you could make a killing. ------------------------------- I don't know if they discuss it on that thread but I like to write against optionable high yield stocks in the IRA. Sometimes the results are funny. They call the stock, it drops by more than the dividend, you buy it back and write it again. I was looking at PSEC just this morning to see if that pattern repeats in that stock. It appears that it does during an "up" trend, but I only went back a year. Another benefit is that you get the "dividend" in the the form of the second written Call right away plus the fact that you re-purchase lower. Where if you just waited for the regular payout it can be a few weeks. Not an important point, but a benefit nonetheless.