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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Paul Heye Jr. who wrote (1563)3/31/1997 5:36:00 PM
From: Mark   of 14162
 
Re: Wall Street Money Machine

>It would be disastrous to try to work options based just on Cook's book.
>It is easy
> to read and pretty good from a motivational stand point, but it
>leaves a lot out. He
> does not cover what to do at all in case your stock falls, and
>he never lists a losing
> example. Mcmillians book covers all possibilities and if you
>stay in the covered
> call chapter very easy to read and
>understand

Agreed! I am a real example of this. My stock declined rather drastically, and there were many actions I could have taken to protect myself that the Cook book doesn't discuss. Now that I've read McMillan and correspnded with the many tolerant peple here at SI, I have a much better idea what to do next ime around.

Now if EGRP will just continue to climb, I'll back in business... :-)

Regards,
Mark
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