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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Road Walker who wrote (2073)8/16/2001 9:26:25 PM
From: JohnM   of 5205
 
John,

One of these days this market will really rally. And people with CC's will be miserable, and forget the good days when they pocketed cash at the expense of the bulls.

You could be right, always that possibility, but right now I doubt it. The strategies here are remarkably careful ones. I would expect some losses, but not large ones. More likely folk will just quit writing ccs until the market direction gets a little clearer. And some of us, IRA rules permitting, will start buying calls. And, best of all, cheering our stocks on.

John
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