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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (9513)	3/31/2000 8:06:00 PM
From: elpolvo	Read Replies (2) of 35685

POLVO BEANO's BEEN BAD (update)- 3-31-2000 i bought back my ELON april95 CCs just before the market closed today. (never buy back the covered calls) so why did i do it? greedy i guess. i sold them at 10 1/2 last week, i bought them back at 2 5/8. i thought maybe i could sell some more ATM CCs next week when they go back up and thereby do a little double dipping on the same vehicle for the month... in landlord speak it's like... "ok, the guy moved out, i cancelled the lease, kept the deposit, and i'm going to lease again to expiration." meanwhile, (and not that i'm going to do it mind you - because i'm strictly a guinea beano boy now and would never stray from the beano plan - i'm here for the quality of life gig) what's a good way to profit on the rise as they go back up? buy calls? what about selling puts - what is selling puts as opposed to buying them. any comments or ideas? -polvie beano

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