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Non-Tech : The Critical Investing Workshop

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To: Jill who wrote (5164)2/25/2000 10:48:00 PM
From: Voltaire  Read Replies (2) of 35685
 
Salvo number three - The reason people who write calls tend to dislike them is because they buy them back -

NEVER, NEVER, NEVER buy back calls unless you roll out or the circumstances are so compelling, it would be foolish to not do it. Example - I bought back my calls on Qcom only after the 4 for 1 was announced but I would not have without that info. I would have simply rolled until they were not called out., It is suicide to do other wise. What about the people who had sold calls and bought them back this morning. Suicide!

How about those that didn't, money in the bank and guess what, they sleep well tonight.

So, NEVER, NEVER NEVER buy them back.

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