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Alphabet Inc. Message Board

  • itm2000 itm2000 Jan 19, 2006 8:34 AM Flag


    HOLY COW, BATMAN! There are 20 Recommendations on my "GOOD MORNING, GOOGILLIONAIRES!" post of yesterday! I actually took parts of about 3-4 of my recent posts and put it into one....looks like a lot of you got something out of it. So, I'll re-link it again, today, because it is still very germane and many of you may not have seen it that may enjoy it. I really appreciate all the recommendations and respect shown tells me that I'm hitting the mark insofar as communicating something of use. Thank you all!

    Keep in mind that when accumulating puts, it is like buying insurance. Sometimes you pay and pay and pay for, say, auto insurance and never need it at all.....but when disaster comes, you are VERY glad you have that claim can FAR outweigh anything you paid. Same goes here. In some cases, I've accumulated puts that I had losses on or even withered away to zero....which meant my call options and equity SOARED. But, to not have SOME degree of puts ALWAYS on hand to offset rainy days (like yesterday) is risky...especially on a stock like GOOG which is capable of 20-40 temporary point roll backs.

    Weather looks VERY good rain.


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