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Non-Tech : The Critical Investing Workshop

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To: RocketMan who wrote (29542)	8/18/2000 6:12:48 PM
From: Sully-	of 35685

....In that case, why do you want to protect the vehicle, which has proven to be a POS? .... Again, it depends..... if the underlying stock has turned out to be a POS, sure, that's easy..... let it go.... however, I'm assuming that folks have followed Voltaire's basic premise & did a buy/write on a solid company that you wouldn't mind owning outright. If your vehicle remains fundamentally sound & currently is at a discount to the rest of the market..... you may want to roll up & out..... one has to wiegh the risk of allowing yourself to be called away..... then move the money into another hot stock with nifty premiums..... you may end up with another stock that corrects right after you buy/write..... or the market corrects just after the buy/write.... how much would your previous stock correct in that same time frame? Again, when your covered vehicle goes into the crapper, you have to make sound decisions. It is not stress free & it is not always an easy decision. IMVHO, it is not always the best decision to cut & run.... thus the need to have a plan, & work the plan.

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