Scotto's

Posted by: skeeua

Updated:
04.06.09
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Description:

All equities; covered-option-writing-program represents 50-65% (normally); will also do "Short-term Trades" averaging approximately $20,000 per trade. NO MARGIN. Actually have been 60-75% CASH since Oct. 2007; thank God! Pretty conservative "structure". But will also buy calls from time to time; ... so that coupled with the "S-T Trading Strategy"; ... I can be "aggressive". (Note: Many times my "S-T Trading Strategy" deals with great "Long-term High Quality" companies; LOW; INTC; ETC!; ... PLUS; the "likes" of an LSI, NTGR, etc. WOULD LOVE TO BE 90% IN COVERED OPTION WRITING RIGHT NOW! But how can any one trust our so called "leadership"? Thought after the 2001 High Tech debacle; the Arthur Andersons', Enrons, ETC, etc; ... that we were finally gaining that trust? This whole "business" belongs to the "monkeys"; ... it's time these occurances are stopped; REALLY TOUGH LAWS HAVE TO ENACTED TO GET THE CONFIDENCE BACK!