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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (13784)	9/16/1998 4:03:00 AM
From: Bill Green	Respond to of 18691

Lurker alert. Lurker alert. Mr C.C time for the BK thread for you sir, not that I am sufficiently qualified to issue an invite. Agree with you. Buy Gold, land in the desert, lotsa tins of Campbells soup (the ones that don't slosh when you shake em) a Hummer n lotsa guns. ,VBG To be seriously long in this market is a very serious mistake IMO. Beef with barley and vegetables is pretty good. Billy

To: craig crawford who wrote (13784)	9/16/1998 3:44:00 PM
From: Gotham Guru	Read Replies (2) \| Respond to of 18691

<< Writing naked puts is a stupid foolish thing to do. Just when you get comfortable and think you have a good strategy of collecting your premium like a paycheck each month, the market crashes in a mass panic and every gain you have worked for years to achieve is wiped out in a single day. Stable companies like PG dropped 8 points in 15 minutes back in 1987.>> CC, my point is that some of us do not mind having stock put to us even if it happens to faall below the strike price. Some people have long term portfolios that do not have the same risks as trading portfolios and put stock under their pillow and check it it 10-20 years from now for retirement. As for 1989, if you didn't have a margin problem and you didnt sell your portfolio holdings whether you bought the stocks outrite or had them put to you, your portfolio would be fine now-unfortunately short term thinkers panic and sell some good long term holding. If I think ORCL may be a good long term buy at $20 and today is at 26 why not write naket puts at around 20? If the stock gets down to 17 and I own it at 20 now i dont mind. This is not a trading strategy but a longer tern strategy. JMO Instigator