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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (5639)2/29/2000 2:41:00 PM
From: dustcatcher  Read Replies (3) of 35685
 
Voltaire, Jill, Poet, Dealer, et al.:

I first purchased stock in 1953. I first purchased QCOM stock in 1996 (and several times since then). Thanks to you and others, on Monday I sold my first covered calls (in QCOM for strike prices of 155 and 160 and in LWIN, strike price of 90--all April calls). I thank all of you very much. These ccs were for my SEP-IRA account so there are no current tax consequences. Further, I didn't take all your advice and sold calls only on less than 10% of my holdings. My wife is against all this activity because, to her, it smacks of "something for nothing" and she doesn't believe in such things.

Another consequence of your advice on this board is that I became a life member of SI (not a good choice at my age of 72, I guess) just so I could join in a bit.

'Nuf for now.
---Jack---
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