2006-10-11 14:09:39 · 5 answers · asked by johnwhetzell 2 in Business & Finance ➔ Investing
Covered call writing only makes your broker rich.
If the stock is going down, or an uptrend is broken, you want to sell, not increase your cost for $1 or $2 "protection insurance."
If the stock is going up, the last thing you want is for it to get called away.
You're straddling the fence with this wishy washy strategy. Act when price hits certains levels and follow the trend. Be decisive and stick with the winners and take the Homeruns when they're offered.
2006-10-12 09:02:11 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
NVDA, because after the Christmas season, people will probably dump the stock. I would short any candy company too. Maybe RL would be good for the sme reason as NVDA.
2006-10-11 22:47:55 · answer #2 · answered by gregory_dittman 7 · 0⤊ 0⤋
A small gold company that does exploration and mining. Do some research, I will not tell you the name. But it sells for under $2.
2006-10-11 21:18:05 · answer #3 · answered by Scooby 3 · 0⤊ 0⤋
Try something like Shufflemaster... take a look at its recent activity and you might agree that it's something you like.
2006-10-12 22:20:09 · answer #4 · answered by Mike S 7 · 0⤊ 0⤋
A fool and his money is soon parted.
2006-10-11 21:41:04 · answer #5 · answered by Smilin' Fred 4 · 0⤊ 0⤋