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Politics : Ask Michael Burke
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To: Mohammed U. Karkanawi who wrote (84837)11/2/2000 10:33:08 PM
From: Hawkmoon   of 132070
 
My IRA was reduced to 43 cents on the dollar.

Sorry to hear that Mohammed...

The best you could do is sell covered calls on your T on a monthly basis whenever you managed to get a pop.

The stock is a range rider from now on. But it is on its major 9 year support level, so you might consider it to be a "blood in the streets" value play, especially as they divide the company up.

But long term, there are serious questions about the long-distance profits as more and more connectivity via the net undermines their position.

With some nimble trading, and strategic covered call writing, you can recoup some, if not all of your paper loss on the stock.

Or you can start out fresh with something else when the stock gets a bounce (and it probably will within a couple of months).

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