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 : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (5425)	4/17/1998 6:15:00 PM
From: Bald Eagle	Read Replies (2) \| Respond to of 6980

<<I am sure you will do well if you can shed that buy and hole strategy.>> Did you mean hold? Or are you talking about the hole where my money disappears into some times. Usually, nowadays, I buy stock and sell "out of the money" covered calls. If my shares get called away, that's good, because then I'm being forced to sell at a profit. Albeit, not as much as I "theoretically" could have made. If my shares don't get called, at least it means I have reduced my cost basis and live to sell more calls. This strategy is working very well for me since I started it this year. I'm up about 14% this year so far. Admittedly not a sophisticated method nor astronomical returns, but that will translate to over 50% for the year if I can keep it up. Considering that before I started doing covered calls, I lost money in last year's bull market (*&%^ disk drive makers!), this is a major improvement in my trading results.