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Non-Tech : The Critical Investing Workshop
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To: Sully- who wrote (29537)8/18/2000 5:52:41 PM
From: RocketMan  Read Replies (2) of 35685
 
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.....

In that case, why do you want to protect the vehicle, which has proven to be a POS? Unless, in the unlikely case that you thought the vehicle was much better than the market had been treating it. Why not take the loss, and find a better vehicle? With the covering, you have not lost all that much, as your losses have been offset by the CCs. What am I missing?
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