Options - Hedging your bets

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I've never done very well on the stock market, in fact I don't know many people who have done very well. My first experience with an IPO was the upstart Transmeta(TMTA). I remember it well, as I used my now defunct Datek account to buy 50shares. I was really amped because I thought the Crusoe CPU, which employed code morphing(software that speeds up the processor) strategy was far superior to that of Intel's hardware(Moore's Law) model. I remember salivating after reading Transmeta's initial white paper. I may have also been pursuaded due to the fact they had Linus on their payroll too..

Well, Transmeta had the misfortune to have launched its campaign in 2000, immediately following the dotcom implosion. It also had logistical problems, and couldn't deliver on its increased battery life for notebooks. I lost $500, but it was a great learning exercise.

Now I primarily do traditional vehicles (Real Estate, Roth, and 401K).
Never really thought about Options, as a possible power move. I always thought that it required big gusto loot :) Ejovi helps clarify the strategy.

Ejovi Nuwere

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    This page contains a single entry by AG published on November 18, 2005 1:28 AM.

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