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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: fmikehugo who wrote (3828)6/20/2002 1:09:30 PM
From: Uncle Frank  Read Replies (1) of 5205
 
It doesn't appear to be a disaster, Mike. APPL seems to have support at 17, and I wouldn't be surprised to see them back in the 20-25 trading range the next time the nasdaq has a rally (if that ever happens). Apple has a large number of dedicated admirers, and is surprisingly resilient. Since you've probably picked up 5 or 6 bucks since January, you're still above water, and can continue to milk revenue from your position. But that's from a ltb&h practitioner's perspective.
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