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Re: yourbankruptcy post# 20108

Wednesday, 12/10/2003 5:21:28 PM

Wednesday, December 10, 2003 5:21:28 PM

Post# of 97555
I think it's so cool to have something in cash when stock goes to $3 or to $30.

I have some cash now, but it will be gone if I take assignment (2000 shares). I always like to have reserves, and they are running lower than I normally like. Like I said I'm a little overbought (not just in AMD), but I will remedy that in time. I'll be entering my exit (or at least lighten) stage starting in January and proceeding over several months, for better or worse. I'll probably do straight sells on the overbought shares after a return to $17 or so to minimize short term risk, and then start writing covered calls on the bulk of my shares over a longer time period.

HailMary

HailMary

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