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 : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (109962)	3/18/1999 1:12:00 AM
From: arthur pritchard	Read Replies (4) \| Respond to of 176387

Ed: Thanks for your detailed response, as I need things like this to think about these days. btw I was not directing my point about rolling at you, just trying to bring out the fact that it is sometimes tempting with options, to cover up real losses, by rolling out of a bad position. I suspect this goes on quite alot; can't prove it right now. ''''' As a margin trader of the underlying issue, I learned that I always came out ahead, by taking my trading losses currently, and focusing on the next/current environment, with the least amount of smoke and mirrors (contingent losses)in my mind. '''''I don't yet have permission from Schwab to write puts. I may switch brokers--it depends how they handle my request. So I'll just reduce my profit objectives and do what I did for eight months, until this issue is settled. Can you believe that at the lowest option permission level, they require a put be "covered" by first shorting the stock? '''''What hurt me at earnings was the hype on the stock(plus i didn't believe the Niles news break/leak.); I view this "hype vulerability" as a separate "animal"---separate from the systematic buildup of account equity I enjoyed for over eight months. ''''' After having focused on margin trading, (as wicked as margin can be given a 20% drop in the share price), I am still tempted to compete with "options type" gains in dell again--for the next two months (prior to the next earnings). By taking my money off the table earlier, I hope to prevent what happened for me, at last earnings. When I sense heavy hype, I'll either go into cash, or write a covered call. '''''Thanks for your help. (Your posts in particular, to many, during the past month, have really helped me get my mind back here.)