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Non-Tech : The Critical Investing Workshop

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To: im a survivor who wrote (9234)3/26/2000 12:53:00 AM
From: Dr. David Gleitman  Read Replies (2) of 35685
 
Goood Morning KG4:

Re: Rolling the calls. You got it right. I found that whenever I rolled the calls to the following month, I was also able to obtain a cash dividend in the process. For instance, when I rolled the March 200 BRCM's to the April 230's, I was also able to obtain $2,000 in addition, because of the price differential. I would "caution" you that if there is a major pullback (as there was with brcm last month, which I failed to act upon by buying back mu calls for $1.50), I would suggest using your judgement (it's lonely out there when you have to make a decision like that on your own, wiith very little time to contemplate it) and buy back the calls, that is, and only if you suspect that this was a very short and temporary pullback (as we have come to see these past few months). Otherwise, keep on rolling.

David
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