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Non-Tech : The Critical Investing Workshop

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To: Jim Willie CB who wrote (9880)3/30/2000 10:04:00 AM
From: im a survivor  Read Replies (4) of 35685
 
I am having a field day buying back calls I had written. Yes, my plan for most of my CC's was to let them sit and hopefully get called, or write them again next month if they don't. However, with so much time left before april expiration...earnings season ahead...the end of this bull$hit manipulation by the houses, and a hopeful run in the next 2 or 3 weeks, I just could not resist buying some of these suckers back. Stuff I was getting $13 dollars for last week, I am buying back for 1 5/8 and etc......just got my IARC calls back for 1 7/8 after just getting $4.50 just a few days ago...I also expect IARC to come back nicely and will write them again when it does.....

Anyway, I know this strays against the beano strategy of easy living, but does it not make sense to buy these calls back for .10 on the dollar, if we have 3 weeks to write them again for higher amounts ??!!

Opinions anyone ?
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