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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Dr. Id who wrote (498)5/10/2001 11:41:35 AM
From: FaultLine  Read Replies (1) of 5205
 
Sold them for 2.50 eight days ago, bought them back this morning for .30

Wow. There must have been wild-eyed optimism when you sold them. I see from the chart there was a surge from 30 to around 38 over a 4 day period about two weeks ago and then sideways movement. Did you sell right at the end of that run up?

It looked like it was on a roll -- were you prepared to let the stock be called?

Were you working with an existing position (I think yes)?

Did you have a favorable basis to work with?

I know that you have followed VTSS for quite a while -- do you sense that you have a feel for the beast? I'm not saying you can predict day-to-day behavior, but that you have a sense of generally where it is going to be over the next few days of weeks and that you are right more often than not.

I ask all this because 2.20 in eight days is very unusual in my book.

--fl@butofcoursedufdoesthisallthetime.com
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