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Non-Tech : The Critical Investing Workshop

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To: im a survivor who wrote (29526)	8/18/2000 5:39:38 PM
From: Sully-	Read Replies (2) of 35685

Hi KG4, Please note that I also started my response with, "it depends"..... my discussion was not about playing the casino, it was about rolling up & out, leaving those shares covered. <<"<<"however the stress free thing to do is sinply let the stock get called">> FWIW, my discussion was regarding a situation where the underlying vehicle had gone into the crapper & you had been uncovering then re-covering during the decline to protect the vehicle..... & the underlying stock had reversed so that your last CC sale was now at risk of being called.... & placing you in the position of taking a significant loss if called due to the steep decline..... That is not a stress free environment..... It is time to get to work..... time to make sound decisions..... time to protect the vehicle..... Again, the decision to roll up & out depends.... on the situation..... ....& it's not always stress free IMVHO..... that's where a lot of folks are mistaken..... it CAN be stress free.... IF you have a plan, you WORK the plan..... & you have contingencies in place..... that include a safety net somewhere for those times when CHIT HAPPENS..... BWDIK? Tim

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