Microsoft Corp (MSFT)

[Scarlett McCarthy]

Tulipz,
Being female, I understood "margin" well, works just like my credit card.. I have a rule never to go out more than 25% so I don't have to face Hubby with a margin call..(scary thought!). It's a great way,sometimes the only way,to recoup,but if it goes against you, you pay a lot of interest. I watched some friends on RB make a ton over the last couple years buying and selling with the options stuff.. I bought and read 4 books.. I still don't get it.. My broker suggested I "sell some covered calls" to start out.. But I think I'm too old to take risks with something I don't understand. I don't seem to have any luck trading the low dollar stuff.. I made a decent profit doing that on Q when it crashed, but it all got eaten up by an attempt to do the same with SUNW,ARBA,and (ugh) WCOME.. My latest strategy is to use any bucks I can eke out to buy the biggest players in the tech sector on really nasty trading days,and pray a lot. I was told by someone here that if I waited,I could get MSFT cheaper than I did, and he probably was right. But I also think 26 anything was a good price,if you're willing to hold for maybe 6 months. I'd be chicken,too,with the GIGM.. at least I'd wait for a big sell off first.. But dont EVER listen to me,because that's exactly the kind of thing my options trading pals have been making the bucks on while I starved... Scarlett