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Re: DewDiligence post# 108861

Saturday, 11/13/2010 6:07:59 PM

Saturday, November 13, 2010 6:07:59 PM

Post# of 257262

The salient point, IMO, has nothing to do with “sleeping easier”; rather, it’s that MNTA call-writers are not fully counting forgone upside as a bona fide economic loss.

Dew, I sleep very well at night, knowing I am in stocks which I have confidence in, and knowing that I'm getting paid to hold them - that's my game.

Referring to MNTA - for the months I held the stock strictly for option premium purposes (since March '10) I pulled in high five figures from option premiums alone. As the months passed and I became acquainted with this board, you, and the astonishingly high quality of posters here (and of course learned more about MNTA's story - thanks to all here), I came to understand that MNTA presented much more of an opportunity to make money than by simply selling covered calls, or buying and holding and waiting for "the big one".

I'm still searching for the right mix of MNTA stock/options to accomplish my goal.

Yes, since I don't have everything in uncovered stock, when the big one hits I'll miss out to some degree, but I surely won't consider it an economic loss - instead it will be an opportunity loss.

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