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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: LindyBill who wrote (2498)	9/25/2001 10:34:42 AM
From: Dr. Id	of 5205

But Bill, if you're bearisn, why not buy some puts and limit your downside? What worries me about shorting is that we've all been so lousy at predicting market direction in the past year, that I'd hate to bank on my lack of ability in that... What happens if we get a major short covering rally for 5 straight days? How long do you hold out? What if it really was the bottom this time? (I doubt it, but who the hell knows?) I'm not trying to be negative about it (and I'd say that I hope that it works out well for you, but that would mean bigger losses and possibly margin calls for me!), just don't want to see one of my buddies get hurt (any more than we already have...) Come back from the dark side and go long! :) Dr.Id@IsurehopethatlastFridaywasthebottom.pov

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