The book UNCOMMON STOCK MARKET STRATEGIES has been named one of the years top investment books by the 2004 STOCK TRADER'S ALMANAC.
The book UNCOMMON STOCK MARKET STRATEGIES has been named one of the "years top investment books" by the 2004 STOCK TRADER'S ALMANAC. Compiled by editors Yale Hirsch and Jeffrey A. Hirsch, the STOCK TRADER'S ALMANAC is well-known in Wall Street for its discovery of the January Effect and the four-year Presidential Cycle.
(PRWEB) December 17, 2003 --The book UNCOMMON STOCK MARKET STRATEGIES has been named one of the years top investment books" by the 2004 STOCK TRADER'S ALMANAC. Compiled by editors Yale Hirsch and Jeffrey A. Hirsch, the STOCK TRADER'S ALMANAC is well-known in Wall Street for its discovery of the January Effect and the four-year Presidential Cycle.
According to the Almanac, the book explains a rarely used technique with which investors may purchase a common stock at a price LESS than the current market price, and sell a common stock at MORE than the current market price, then benefit from price movements in either direction."
The editors state that investors who use these techniques likely outperform 98% of all investors over the years."
How can an investor buy a stock at less than todays price? By writing a put to buy a stock. How can an investor sell a stock at more than todays price? By writing a covered call to sell a stock.
Many investors shy away from options, because of previous bad experiences with buying options. This book utilizes the investment strategy of selling options short (writing option contracts), not buying options. The options contracts are sold (sell to open) prior to buying them (buy to close).
After explaining the process of writing options in easy-to-understand terms -- using numerous tables and charts to illustrate each step -- the book establishes a model, a three-legged strategy, for using these tools in combination with the purchase of common stocks. The book then covers the steps that follow the establishment of the three-legged strategy, including how to extend a position, write up" a position, respond to rising, falling, or sideways-moving prices, set up a portfolio, and keep track of the positions in that portfolio.
UNCOMMON STOCK MARKET STRATEGIES: POWERFUL TOOLS FOR INVESTORS by David G. Funk [ISBN 0-9728471-0-3] is available online through www.uncommontools.com.
David G. Funk, the author, has been associated with the investment industry for over forty years. His experience includes twenty years as co-owner and Treasurer of a brokerage firm and ten years as publisher and writer for John Magee, Inc., a technical stock advisory firm. Funk holds a B.A. from Amherst College and a Ph.D. in Economics from Harvard University.
For additional information or a review copy, contact David G. Funk at 561-955-9883 or go to www.uncommontools.com.
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