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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (56322)	4/18/1999 7:26:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, Prior to this news, Compaq stock had been the hero of this put cycle for me. This is partly due to brilliant timing on my part and partly due to a lucky mistake. I bought my original puts near the high on the stock and noted it here. That was brilliant. It dropped to $40 and I rolled 45s and 40s to 35s. Then it bounced and I bought more 40s. When it fell to 40 again a few days later, I planned to roll down to 35s. However, instead of selling my 40s, I made one of those occasional errors you will make using an online broker. I bought more 40s instead of selling the ones I owned and then bought the 35s. So, when the fall to the mid 30s took place, instead of having a dandy position in 35s, I also had 2/3s in 40s. It is better to be lucky than smart. <g> Anyway, if Compaq falls on this news, it has a shot at entering my all-time Top Ten list of puts. I haven't had a gonzo winner yet this cycle and this could be the first one. Dell could be the next. Merrill was real nice, real quick, but nowhere near top ten caliber. I think others have potential to be grand slams, like CDWC and Micron, but they haven't come close yet. MB