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Strategies & Market Trends : Options
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To: Bridge Player who wrote (7014)4/27/2000 9:38:00 PM
From: Seldom_Blue  Read Replies (2) of 8096
 
Does that mean that you owned them when they were worth $50? And still own them at 50 cents?



Sign. Yes and Yes. Bought 10 (5 pre-split) at $5 last November. The option climbed steadily along with the stock. I really like GMST, so I always thought I would exercise and keep the stock. Most of option's value was dropped in a few days. I was always afraid if I sell my positions, I would be out of a run which seemed so likely. That was when I was struggling with the question of wash sale. I was very bearish on the whole market. Just did not think MY stocks were going to drop that much :-). There is a lesson in all this.

Buying something is far easier than selling at the right time.

Seldom Blue
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